LIVE MARKETS-Futures point to modest gains at the open despite "shambolic" G7

June 11 - Welcome to the home for real-time coverage of European equity markets brought to

you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to

share your thoughts on market moves: helen.reid.thomsonreuters.com@reuters.net

FUTURES POINT TO MODEST GAINS AT THE OPEN DESPITE "SHAMBOLIC" G7 (0609 GMT)

Futures for the leading European stock benchmarks are up 0.1 to 0.3 percent, indicating a

stronger open.

There's not much on the macroeconomic front expected today but Societe Generale (Swiss: 519928.SW - news) analysts say

investors will be watching the Bank of France business sentiment and UK construction and

manufacturing output - a slow start to a heavy week of political and central bank events.

Here's SocGen (Paris: FR0000130809 - news) 's take on the G7 fallout: "After some initial wobbles at the open, markets in

Asia took the shambolic end to the G7 summit in their stride, regardless of the fact that on the

surface the risk of a further escalation of U.S. protectionist measures has increased."

And some extra headlines that could shake up trading, with M&A still rampant in the UK

market:

Comcast (Swiss: CMCSA.SW - news) to win unconditional EU okay for Sky (Frankfurt: 893517 - news) bid - sources

British watchdog probes reports that meat found in vegetarian meals

Apax considering an offer for BCA Marketplace (LSE: BCA.L - news)

Inmarsat (Other OTC: IMASF - news) rejects EchoStar takeover bid, says it undervalues firm

(Helen Reid)

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EARLY MORNING HEADLINE ROUND-UP (0537 GMT)

The G7 fallout includes a further souring of U.S.-Canada relations, and a promise from

German Chancellor Merkel to act against U.S. tariffs on steel and aluminium. She (Munich: SOQ.MU - news) also said

Trump's decision to pull out of the G7 communique via tweet was "sobering and a bit depressing".

In Europe investors will be relieved that the Swiss rejected a plan to transform the

country's financial landscape by barring commercial banks from electronically creating money

when they lend, in a landslide referendum vote.

On the corporate front Swiss chemicals firm Sika (IOB: 0QMA.IL - news) is on a massive takeover drive, and French

energy stocks could be moved by the energy market regulator's plans to recommend higher natural

gas energy prices.

Sika targets up to $1 bln in takeovers a year to quicken growth

U.S.-Canada dispute escalates after tense G7; Trump renews criticism of Trudeau

Swiss voters reject campaign to radically alter banking system

With (Other OTC: WWTH - news) sales boom in mind, Gucci tightens grip on suppliers

French energy regulator to recommend higher natural gas prices

Merkel: EU will act against U.S. tariffs on steel, aluminium

Caixabank To Buy 51 Pct Of Servihabitat Servicios Inmobiliarios For 176.5 Mln Euros

(Helen Reid)

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MORNING CALL: EUROPEAN SHARES TO SHAKE OFF G7 SHOCK (0514 GMT)

European stock benchmarks are seen opening stronger this morning after an early wobble in

Asian trading after U.S. President Donald Trump backed out of a joint G7 communique over the

weekend.

The clear lack of a united front among the group dented Asian shares, but they went on to

recover and edge higher as investors looked ahead to an historic U.S.-North Korea summit on

Tuesday.

Investors have also this week to get their heads around a two-day Fed meeting starting

tomorrow, and an ECB meeting on Thursday at which policymakers could signal intentions to start

unwinding the bank's massive bond purchasing programme.

At the start of a busy week, spreadbetters call the DAX 20 points higher at 12,787, the CAC

40 down 4 points at 5,446, and the FTSE 100 16 points higher at 7,697.

(Helen Reid)

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(Reporting by Danilo Masoni, Helen Reid, Kit Rees and Julien Ponthus)