LIVE MARKETS-Morning call: Fade in trade war talk likely to support European stocks

June 21 - 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

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MORNING CALL: FADE IN TRADE WAR TALK LIKELY TO SUPPORT EUROPEAN STOCKS (0517 GMT)

European shares are seen rising quite strongly at the open after modest gains in Asia thanks

to a lull in trade war talk, while oil markets are nervy ahead of tomorrow's meeting of the OPEC

production cartel.

Asian shares edged higher on a respite in protectionist rhetoric from the U.S. and China, as

well as speculation the Chinese central bank would deliver more stimulus to the economy.

Wall Street had also made gains in the previous session with the unstoppable Nasdaq (Frankfurt: 813516 - news) posting

a record high close.

Oil prices will likely drive stocks today too ahead of Friday's meeting between OPEC and

other big producers including Russia. Crude is declining slightly as tensions grow in the market

with Iran signaling support for a small rise in crude output.

Spreadbetters expect the FTSE to open 49 points higher at 7,676 points, the DAX to open 66

points higher at 12,761 and the CAC 40 to open 27 points higher at 5,400.

(Helen Reid)

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