LIVE MARKETS-Morning call: DAX seen losing 200 points at the open

* European shares seen sharply lower

* Eyes on Chinese response to Trump tariffs

* Export sensitive DAX index seen down 200 points

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

MORNING CALL: DAX SEEN LOSING 200 POINTS AT THE OPEN (0616 GMT)

The sell-off seen yesterday in Europe on mounting worries that U.S. tariffs on China imports

could escalate into a full-blown trade war is set to continue today with the same intensity.

Trump signed a presidential memorandum on Thursday that could impose tariffs on up to $60

billion of imports from China, although the measures have a 30-day consultation period.

All eyes are now on the response from China, which urged the U.S. on Friday to "pull back

from the brink", and unveiled its own plans on Friday to impose tariffs on up to $3 billion of

U.S. imports.

Raboank Senior Asia-Pacific Strategist Michael Every said China's retaliation measures so

far are mild: "Is China acting dovish to try to negotiate its way out? Is it waiting to pounce

at a future date on US aviation and agri exports? Or does it have far less trade leverage than

many had assumed?"

"Note (Stockholm: NOTE.ST - news) that the soybean market has not reacted significantly. That points to something also

stressed in the special report: China would shoot itself in the foot by boycotting US soy, as it

would force food-price inflation through the roof," he said.

Meanwhile in Asian hours, the rumblings of a global trade war shook stock and currency

markets, sending MSCI (Frankfurt: 3HM.F - news) broadest index of Asia-Pacific shares outside Japan down

fell more than two percent.

Here are your morning calls for Europe, courtesy of CMC Markets (LSE: CMCX.L - news) .

FTSE100 is expected to open 67 points lower at 6,885

DAX is expected to open 200 points lower at 11,900

CAC40 is expected to open 77 points lower at 5,090

(Danilo Masoni)

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(Reporting by Danilo Masoni)