MORNING BID EUROPE-As Trump rattles the rafters, cracks show in Europe

(Repeats to add markets)

* A look at the day ahead from EMEA desk specialist editor Kevin Liffey and Nigel Stephenson, specialist editor, EMEA markets. The views expressed are their own.

LONDON, Nov 14 (Reuters) - New Zealand suffered its second huge quake in the space of five years, though this time mercifully the human toll was lower. If anyone needed signs that the political plates are shifting too, there were plenty of them at the weekend.

While EU foreign ministers met over dinner to coordinate a response to Donald Trump's election, the bloc's main military powers, France and Britain, stayed away, while Trump himself was conspicuously hosting his first EU politician - none other than the EU's bete noire, Brexiteer and fellow political maverick Nigel Farage.

And while NATO chief Jens Stoltenberg was warning that neither NATO nor the United States could face "the greatest challenges to our security in a generation" alone, the voters in NATO-member Bulgaria as well as frontier state Moldova vented their frustrations with pro-EU candidates by electing presidents promising closer relations with the former imperial overlord, Moscow.

Lots of food for thought for EU foreign affairs and defence ministers holding formal talks in Brussels today.

MARKETS

The bond market rout deepens, particularly at the long end of the curve, where the 30-year U.S. Treasury yield has risen above 3 percent for the first time since January. German 30-year yields are at a 6-month high above 1 percent too. Markets are betting that a Trump White House will turn on the fiscal stimulus taps, fuel inflation, and force the Fed to raise rates faster than had otherwise been expected. Coming at a time when a growing number of observers had been saying central banks were maxed out and that the 35-year bull market for bonds was already turning, the moves over the past week have been astonishing. So far, stocks haven't been shaken by the surge in yields. The Dow Jones hit a record high last week, and the upward momentum looks set to continue this week. Emerging markets are feeling the pinch more though.

The bond selloff, and other major issues for global markets such as political risk, populism, higher global interest rates, yields and U.S. dollar will dominate the annual Reuters Investment Summit which gets underway today in New York and London.

- European shares are expected to start the week sharply higher with equity index futures up between 0.9 percent and 1.1 percent, as the euro continues to weaken against the dollar and banks are seen extending last week's rally.

- Other stock movers: Siemens (BSE: SIEMENS.BO - news) could be in focus this morning after Reuters exclusively reported that Europe's biggest industrial group has agreed a deal to buy Mentor Graphics Corp (NasdaqGS: MENT - news) , which makes software for designing semiconductors, for $4.5 billion to $4.6 billion in cash.

- Novartis (LSE: 0QLR.L - news) could also grab attention because of M&A newsflow. The drugmaker is considering to sell its struggling Alcon eye care division, its chairman said in an interview with Swiss weekly SonntagsZeitung, while traders are also citing a Bloomberg report that the company is in talks to buy Amneal Pharma for as much as $8 billion.

- RWE (LSE: 0FUZ.L - news) is down 0.7 percent in pre-market trade. The German utility RWE reported a rise in nine-month operating profit that beat a Reuters average forecast and said it aimed to quickly transfer cash to a state fund in charge of handling the storage of waste from the country's nuclear plants.

- Audi (LSE: 0FG8.L - news) software can distort emissions in tests, VW says; Monte dei Paschi (Milan: BMPS.MI - news) board to meet Monday on debt conversion plan - source; Novartis chairman says considering sale of Alcon eye care division; UniCredit (EUREX: DE000A163206.EX - news) mulling 10-13 bln euro share issue - sources; BMW (EUREX: BMWE.EX - news) eyes 100,000 electric car sales in 2017 -Sueddeutsche; Roche announces positive results for Actemra in phase III study; Brexit without transitional deal will damage economy -RBS Chairman; Shire sees opportunity in Asia, aims to double revenue by 2020; Italy's Fincantieri offers to buy rest of Vard for S$125.6 mln; Sonova Holding H1 net income hit by AudioNova purchase

Upcoming events/data/themes for market reports on Monday:

* Japan Q3 GDP

* Euro zone industrial production (Sept)

* US Treasury auctions 30-year bonds (Editing by Louise Ireland)