LIVE MARKETS-Morning snapshot: Europe on the back foot

* European shares edge lower

* Cable maker Nexans (EUREX: NXSG.EX - news) warns on profits

* Bank CYBG clinches takeover of Virgin Money

June 18 (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 SNAPSHOT: EUROPE ON THE BACK FOOT (0914 GMT)

It looks like there isn't much out there to encourage risk exposure.

Simmering trade tensions and worries that a crisis over migration policy in Germany could

destabilise Angela Merkel's three-month-old coalition government is keeping investors on the

edge.

As a result, European bourses have started the week in the red, extending Friday's fall and

set to erase the gains seen on Thursday when a dovish message from ECB helped the STOXX score

its biggest one-day gain in more than 2 months.

Here's your snapshot:

(Danilo Masoni)

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EUROPEAN SHARES SET TO EXTEND FRIDAY'S DROP, EYES ON NEXANS (0648 GMT)

European shares are set to add to Friday's losses as trade tensions, a potentially

destabilising CSU party vote over a migration plan in Germany and Brexit debate in the UK

parliament keep investors on the edge.

Futures on main euro zone benchmarks were trading down 0.2-0.5 percent, putting the

pan-regional STOXX 600 on track to erase the gains seen on Thursday when a dovish ECB pushed

back expectations for an interest rate hike.

In an otherwise thin day for big corporate news, shares in Nexans are likely to be sharply

hit after the French cable maker warned that an "abrupt deterioration" of its high-voltage

activities was likely to translate into lower profits for the full year.

Eyes will be also on UK banks after mid-size challenger lender CYBG (Frankfurt: 42YA.F - news) agreed a 1.7

billion-pounds deal to take over rival Virgin Money after more than a month of talks.

Other stock movers: DS Smith (Frankfurt: 877238 - news) 's full-year adjusted profit rises 21 pct

For more headlines check out the previous post.

(Danilo Masoni)

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EARLY MORNING HEADLINE ROUNDUP (0549 GMT)

Siemens (BSE: SIEMENS.BO - news) wins $2 bln contract to build new London Tube trains

Renault (LSE: 0NQF.L - news) boss Ghosn wins four-year renewal, narrow pay vote

Britain's Tesco (Frankfurt: 852647 - news) pledges to end all-white board

Hannover Re raises prospect of higher payout ratio

Intesa CEO talking to several investors over wealth management deal

Sprint, T-Mobile plan to file deal application to FCC on Monday

Boeing (NYSE: BA - news) creates one-stop shop for jets and services in Airbus battle

Volvo sets goal of 25 percent recycled plastics in cars from 2025

CYBG on track to clinch Virgin Money deal before deadline - source

MEDIA-Deutsche Post (IOB: 0H3Q.IL - news) to keep e-van unit for at least two years - CEO to FAZ

MEDIA-Thyssenkrupp (IOB: 0O1C.IL - news) shareholders are said to be skeptical of Tata deal - Bloomberg

MEDIA-Nestle (Swiss: NESN.VX - news) joins forces with XPO to build 55 mln stg logistics hub- FT

British M&A booms two years on from Brexit vote

Unilever (NYSE: UL - news) takes stand against digital media's fake followers

Orange (LSE: 0OQV.L - news) , former executives to stand trial over staff suicides

Ex-CEO of France's Carrefour (LSE: 0NPH.L - news) to give up part of payout after pressure

(Danilo Masoni)

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MORNING CALL: EUROPEAN SHARES SEEN MIXED (0523 GMT)

European shares are set to open slightly lower today while the FTSE is seen edging up a bit

with sentiment dampened by worries over a possible escalation of a trade spat between the U.S.

and China.

Financial spreadbetters expect London's FTSE to open 10 points higher at 7,644 Frankfurt's

DAX to open 13 points lower at 12,997 and Paris' CAC to open 7 points lower at 5,494.

Over in Asia, shares fell after U.S. President Donald Trump cranked up trade tensions by

going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in

kind.

* Ex-Japan Asia down 0.4 pct, Nikkei falls 0.9 pct

* E-Minis off 0.5 pct, dollar eases from 3-wk highs

* China, HK markets on holiday

* Oil pressured by oversupply fears, trade war

(Danilo Masoni)

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