LIVE MARKETS-Opening snapshot: China-exposed sectors under pressure

* European shares open down sharply on China virus worries

* Miners, luxury, airlines lead sectoral fallers Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Reach her on Messenger to share your thoughts on market moves: joice.alves.thomsonreuters.com@reuters.net

OPENING SNAPSHOT: CHINA-EXPOSED SECTORS UNDER PRESSURE (0841 GMT)

European stock exchanges opened in negative territory with mining, airlines and luxury companies suffering the most as China coronavirus death toll climbs to 80.

The China-sensitive mining sector .SXPP is down 3.4% and travel & leisure index .SXTP is 2.2% lower as investors are growing anxious about the new virus.

Despite the week-long holiday to celebrate the Chinese new year, investors are concerned people will avoid travelling. Hotel group Accor ACCP.PA is the worst performer of the French index .FCHI and airlines Lufthansa LHAG.DE , Fraport FRAG.DE , Easyjet EZJ.L , Air France- KLM AIRF.PA and Ryanair RYA.I are all lower between 4 and 5.8% in the early minutes of trading.

In the heavily Asia-exposed luxury space, Burberry BRBY.L , Christian Dior DIOR.PA and LVMH LVMH.PA are also feeling the heat of the spreading virus outbreak.

Here is a snapshot of the European bourses:

(Joice Alves)

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ON OUR RADAR: LUXURY AND AIRLINES (0759 GMT)

Futures point to a lower start of the week for European bourses as investors are growing anxious about the economic impact of China's spreading virus outbreak.

Traders are seeing European airlines and luxury stocks opening down 1-2%, while China-exposed miners should come under pressure too.

There will also be some results to digest: Traders are seeing Landis+Gyr Group LANDI.S down 3-3.5% after company confirmed FY 2019 guidance at lower end of all ranges. Diamonds PDL.L 1H revenue fell 6%, dented by lower prices as the diamond industry grappled with soft demand from China because of the trade war with the U.S. and the anti-government protests in Hong Kong. the retail space, one trader is seeing H&M HMb.ST down 1% after it said on Saturday that data security breaches found at its German unit were unacceptable and it was cooperating with authority. [nL8N29U0FA}

Reuters reported that a Swuss regulator probes board role in Credit Suisse CSGN.S spying scandal, as the spying debacle risks tipping the bank into a crisis that could engulf its top executives. terms of M&A, Swiss food giant Nestle NESN.S bought Allergan's AGN.N medical nutrition business Zenpep. And the founder of British subprime lender Amigo AMGO.L is putting his 60.6% stake of the company on the block. Amigo is seen 5% lower this morning. Alves)

EUROPEAN STOCKS SEEN LOWER (0642 GMT)

Bourses in Europe are expected to open lower imitating Asian markets as investors are growing increasingly worried about the economic impact of China's spreading virus outbreak.

Last week, investors took some relief when the World Health Organisation said the coronavirus outbreak was an emergency in China but not yet a global one. But they are now getting more anxious as more cases add on. in Europe, investors will have a week long of political events to digest: Yesterday, Italy's right-wing leader Matteo Salvini failed in his effort to overturn decades of leftist rule in Emilia-Romagna, one of Italy's richest regions, home for Ferrari (NYSE: RACE ) luxury cars. this week, Britain is due to leave the EU and said it will set out more details about its objectives for a free trade deal with the European Union after the country leaves the bloc on Friday. all into consideration, financial spreadbetters at IG expect London's FTSE to open 75 points lower at 7,585, Frankfurt's DAX to open 164 points lower at 13,576 and Paris' CAC to open 75 points lower at 6,028.

(Joice Alves)

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