LIVE MARKETS-Morning call: An end-of-week bounce, OPEC in focus

June 22 - 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

MORNING CALL: AN END-OF-WEEK BOUNCE, OPEC IN FOCUS (0535 GMT)

European shares are called modestly up at the end of a tumultuous week in which the reality

of higher trade tariffs has suddenly fully sunk in for investors.

The STOXX 600 is on track for its biggest weekly loss in three months.

Overnight Asian shares slid to their lowest in six months on signs U.S. trade battles with

China and many other countries are starting to chip away at corporate profits.

Oil markets are very much the focus today ahead of an OPEC meeting later in Vienna. The

outcome may not become clear until after market hours, and crude prices have been rallying on

uncertainty over whether the cartel will manage to agree a production increase.

Strong crude prices will likely help support energy stocks today, while it'll be interesting

to keep a watch on autos as they might well stay under pressure from tariff fears. The autos

sector is on track for its worst week since January 2016.

Spreadbetters call the FTSE 100 up 14 points at 7,570 the DAX 23 points higher at 12,535

and the CAC 40 13 points higher at 5,329.

(Helen Reid)

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