LIVE MARKETS-Europe seen higher ahead of PMI data

* European shares seen opening higher

* PMIs in focus ahead of tomorrow's ECB meeting

* Signs of progress in trade talks support Asian shares

* Deutsche Bank posts 3.15 bln euro Q2 loss Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net

EUROPE SEEN HIGHER AHEAD OF PMI DATA (0530 GMT)

European shares are set for a stronger open in another heavy day for earnings updates and with the immediate focus turning to the release of PMI data later on ahead of tomorrow's ECB meeting where the central bank is expected to prepare the ground for a rate cut in September.

Following slight gains in Asia overnight on hints of progress in the Sino-U.S. trade saga, spreadbetters at IG expect London's FTSE to open 8 points higher at 7,565, Frankfurt's DAX to open 46 points up at 12,537, and Paris' CAC to open 12 points higher at 5,630.

A disappointment on the PMI front, however, could erode possible gains.

"Today's flash manufacturing and services PMIs from France and Germany could prompt further weakness this morning if the weakness seen in the manufacturing numbers in recent months starts to bleed into the services sector," says Michael Hewson, analyst CMC Markets.

In corporate news, Deutsche Bank posted a Q2 loss of 3.15 billion euros as a result of costs for a major restructuring, while Daimler said it would intensify cost cuts after legal risks for diesel-related helped trigger a 1.56 billion euros loss before interest and taxes in Q2.

Later in the day the focus will shift to earnings from Wall Street companies of the caliber of Facebook, Caterpillar, and Boeing.

(Danilo Masoni)

***** (Reporting by Danilo Masoni, Josephine Mason and Thyagaraju Adinarayan)