LIVE MARKETS-Futures point to a wilting start for European stocks
* European stocks futures decline
* Asian equities under pressure, Wall St rebounds
LONDON, June 27 (Reuters) - 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 A WILTING START FOR EUROPEAN STOCKS (0611 GMT)
It's actually not going to be a strong bounce today with little in the way of economic data
or company news to provide any relief or distraction from the overhanging dread about higher
barriers to trade. Euro area money supply figures are awaited, as well as French consumer
confidence and the Bank of England's Financial Stability Report.
Futures are down 0.1 percent for the main benchmarks, apart from the CAC 40 which is
managing a 0.1 percent rise.
"Markets appear to have gone risk on once again but remain wary of headlines on the trade
dispute," say Societe Generale (Swiss: 519928.SW - news) analysts. "Many of the flows will be associated with book tidying
ahead of the end of H1."
(Helen Reid)
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EARLY MORNING HEADLINE ROUND-UP: WHISKY WARS (0554 GMT)
Politics and trade wars dominate headlines this morning: the deadlock in Germany's coalition
continues, an automakers' association plans to warn Trump of a $45 billion cost to American
consumers from tariffs on car imports, and Jack Daniel's maker Brown-Forman said it would hike
prices on its whiskeys in some European countries to combat tariffs slapped on U.S. bourbon.
Pernod Ricard (TLO: RI-U.TI - news) and Remy Cointreau (Swiss: RCO.SW - news) could move on that news hurting Brown-Forman's competitiveness
in the region.
Here are the headlines to watch:
Norway sells remainder stake in SAS (LSE: 0O1W.L - news) airline
Santander among potential buyers for SocGen (Paris: FR0000130809 - news) 's Polish bank- sources
No deal yet for German coalition over migrant row - CDU lawmaker
Automakers to warn Trump of $45 bln higher vehicle costs if tariff imposed
Brown-Forman to hike Jack Daniel's prices in Europe to counter tariffs
China Three Gorges sounds out interest in EDP's U.S. assets - sources
Gabon oil workers threaten 15-day strike at Total (LSE: 524773.L - news) facilities
(Helen Reid)
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A BIGGER BOUNCE FOR EUROPEAN STOCKS (0526 GMT)
European stocks are seen opening higher today after their weak bounce yesterday petered out
with investors still not convinced they should buy the dip. Rising crude prices are likely to
support Europe's energy stocks while on the other hand metals and mining stocks could be dented
as copper just hit a 12-week low.
Asian markets stayed under pressure as weakness in Chinese stocks and the yuan weighed on
sentiment, while oil climbed as the United States pressured allies to stop buying Iranian crude.
Spreadbetters expect the FTSE 100 to open 30 points higher at 7,568, the DAX to open 64
points higher at 12,299, and the CAC 40 to open 21 points higher at 5,302.
(Helen Reid)
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(Reporting by Danilo Masoni, Helen Reid, Kit Rees and Julien Ponthus)