LIVE MARKETS-Morning call: European shares seen bouncing back

* European shares seen rebounding

* Euro zone stocks set for 6 week of gains

* In Asia, stocks retreat, dollar sees profit taking

May 4 (Reuters) - 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: EUROPEAN SHARES SEEN BOUNCING BACK (0527 GMT)

Following losses in the previous session, European shares are seen bouncing as earning

updates continue to flow, while the recent surge in the dollar has put the the euro zone STOXX

benchmark on course for its sixth straight week of gains, the longest winning streak

since September 2017.

"The rise in the US dollar is starting to exert some downward pressure on US stock markets,

while European markets, despite a negative session yesterday look set for their sixth

consecutive positive weekly finish," says Michael Hewson, analyst at CMC Markets (LSE: CMCX.L - news) .

Financial spreadbetters expect London's FTSE to open 29 points higher at 7,532, Frankfurt's

DAX to open 53 points higher at 12, 744 and Paris' CAC to open 19 points higher at 5,521.

Over in Asia, shares stepped back while the dollar ran into some profit-taking after a

strong week of gains as financial markets turned their attention to looming U.S. payrolls data

for fresh catalysts.

(Danilo Masoni)

*****