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LIVE MARKETS-Morning call: No rebound in sight yet

Reuters - UK Focus

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: NO REBOUND IN SIGHT YET (0626 GMT)

There's not much hope at the moment to see European markets rebound at the open today. IG indicates that financial spreadbetters expect London's FTSE to open 13 points lower, Frankfurt's DAX 174 points down and Paris' CAC to retreat 86 points.

According to CMC Markets (LSE: CMCX.L - news) , it's 21 points down for the FTSE 100, 56 points for the DAX and 9 points for the CAC.

"It's difficult to see what's going to move the needle in a positive direction", notes Oanda's Stephen Innes after yesterday's rout on Wall Street.

(Julien Ponthus)

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