LIVE MARKETS-European broadcasters? "Lower multiples are not enough"

* European shares stready after higher open

* Trump, Kim sign deal but few specifics

* Casino jumps on asset disposal plans

* Housebuilders, miners weigh on FTSE

June 12 (Reuters) - 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

EUROPEAN BROADCASTERS? "LOWER MULTIPLES ARE NOT ENOUGH" (0921 GMT)

Kepler Cheuvreux has taken a deep dive into free-to-air broadcasters and the picture that

emerges is still challenging, even though valuations have been squeezed by three years of

underperformance.

"Lower multiples late in the cycle are not sufficient, given the steady generational shift

to SVOD, though addressable advertising can enlarge the TV advertiser base and ensure long-term

survival," analysts at the European brokerage say.

"We need country (GDP growth, regulation) and structural factors (TV consumption declines)

to align with potential EPS upgrade catalysts and low multiples," they say, adding that only

France's M6 and TF1 appear to meet these criteria.

In France, they say, economic reforms, lower corporate tax, and M&A can help drive earnings

growth in the coming years.

(Danilo Masoni)

*****

OPENING SNAPSHOT: CASINO HITS THE JACKPOT (0720 GMT)

European shares are modestly higher, up 0.3 to 0.4 percent in early trade, with autos

the top gaining sector, up 0.8 percent, recovering from yesterday's fall as trade

concerns take a back seat.

Casino is stealing the spotlight, up as much as 8 percent to the top of the STOXX

after setting out plans to sell 1.5 billion euros of assets. Some of the surge will be due to

short-covering - the stock has a 4 out of 10 borrowing activity rating according to Astec

Analytics short market data.

Carrefour is also a top riser, up 3.1 percent after signing an online shopping

deal with Google.

They're both helping the retail sector index rise 0.7 percent. It's up 7.7 percent

year-to-date - a perhaps surprisingly high number for a sector whose disruption is so widely

discussed. Seems like the sector's attempts to fight back - from Ocado's Kroger deal to tie-ups

with Google - are bearing fruit.

On the negative side Rotork is down 2.5 percent after Morgan Stanley cut the stock

to equal-weight, and Norsk Hydro is falling 2 percent with some traders pointing to

Brazilian regulators rejecting the Norwegian steel firm's appeal regarding production cuts.

(Helen Reid)

*****

WHAT'S ON OUR RADAR BEFORE THE OPEN: RETAILERS IN FOCUS (0650 GMT)

European shares are set to open slightly higher, taking their cue from gains in Asia

following the positive conclusion of a historic U.S.-North Korea summit aimed at the

denuclearisation of the Korean peninsula. Click here for the latest:.

Futures on main euro zone benchmarks are trading up 0.4-0.7 percent, while FTSE futures are

edging up 0.2 percent on a key day in parliament for the Brexit process and as a flurry of

trading updates roll in.

Retailers could also be in the spotlight after French supermarket company Casino said it

would sell assets for 1.5 billion euros to cut its debt, sending its shares up 3-4 percent in

premarket. Carrefour announced a tie-up with Google as the sector makes a big push into online

shopping. Its shares are up 2 percent pre-market.

Eyes also on FTSE heavyweight British American Tobacco which warned that currency exchange

rates would limit growth, although trading in the first half of the year was in line with

expectations.

Other stock movers: Housebuilder Crest Nicholson forecasts margins at bottom of guidance;

Online retailer Boohoo makes strong start to new year; Domino's Pizza says CFO leaves, outlook

on track; FCA ends fair treatment investigation into Scottish Widows; Fortum set to gain EU

antitrust approval for Uniper deal -sources; German ministry says 774,000 Mercedes cars contain

unauthorised software

(Danilo Masoni)

*****

EARLY MORNING HEADLINE ROUNDUP (0546 GMT)

Fortum set to gain EU antitrust approval for Uniper deal -sources

Debt-laden French retailer Casino plans 1.5 bln euros of asset sales

Carrefour, Google sign online shopping tie-up in France

German ministry says 774,000 Mercedes cars contain unauthorised software

France tells banks to hold capital buffer for loan risks

Investors push for board seats to help wind down Ranger Direct fund

Enbridge takes steps on pipeline policy after BP complains

BHP, union at Chile's Spence copper mine reach labor agreement

MEDIA-Deutsche Bank's global co-head of institutional clients leaves - Bloomberg

VW's Skoda says might outsource production to meet demand

More than 25 pct of WPP investors oppose Sorrell pay arrangements -Sky

Albania's Albgaz and Italy's Snam sign gas joint venture deal

Shell reports small explosion at Carson, California facility -filing

(Danilo Masoni)

*****

MORNING CALL: EUROPEAN SHARES SEEN UP AS US-N.KOREA SUMMIT RAISES HOPES (0523 GMT)

European shares are expected to start the session in positive territory with financial

spreadbetters expecting London's FTSE to open 10 points higher at 7,747. Frankfurt's DAX is set

to open 49 points higher at 12,892 and Paris' CAC 15 points higher at 5,489.

Over in Asia, the dollar jumped to a 3-week top while stock markets in Asia ticked higher as

a landmark U.S.-North Korea summit in Singapore raised hopes the bitter foes might be able to

strike a deal to end a nuclear stand-off on the Korean peninsula.

U.S. President Donald Trump said the historic summit with North Korean leader Kim Jong Un

had gone "better than anybody could have expected", and they would sign a document following

talks on ways to end a nuclear standoff on the Korean peninsula.

(Danilo Masoni)

*****