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LIVE MARKETS-Morning call: Down with the flow

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: julien.ponthus.thomsonreuters.com@reuters.net


MORNING CALL: DOWN WITH THE FLOW (0624 GMT)

No reason for European stocks to be spared from the global pull-back really.

Wall Street and Asian markets retreated sharply overnight amid fears the very much hoped-for "phase one" Sino/U.S. trade deal would be delayed due to fresh tensions between Washington and Beijing.

Financial spreadbetters expect London's FTSE to open 31 points lower, Frankfurt's DAX down 69 points and Paris' CAC to lose 31 points at the open.

"The US-China trade spat has been rumbling on for over one year, and traders are used to the back and forth", commented David Madden at CMC Markets, adding that the latest twist in the saga could be seen as "an excuse to unwind some positions".

(Julien Ponthus)

***** (Reporting by Danilo Masoni, Joice Alves, Julien Ponthus and Thyagaraju Adinarayan)