MORNING BID EUROPE-European borders tightening

* A look at the day ahead from European Economics and Politics Editor Mark John and Nigel Stephenson, specialist editor, EMEA markets. The views expressed are their own.

LONDON, Nov 20 (Reuters) - EU interior ministers meeting in Brussels from 0900 GMT are likely to agree plans for tighter border checks after it emerged that one of the ringleaders of the Paris attacks, Abdelhamid Abaaoud, managed to slip into France under the noses of authorities.

This is not quite the nail in the coffin of the EU's borderless Schengen zone that some Eurosceptic commentators are hoping for. More of a challenge would be the creation of a new "mini-Schengen" area that some northern EU states (not including France) are now discussing, but we are still a long way from a wholesale winding down of the border-free regime which has become such an established feature of Europe.

Sweden remains on security alert despite the arrest of a suspected IS militant. There are unconfirmed reports that he had accomplices and was arrested at a refugee centre -- which if true would add more fire to the debate over immigration in a country already questioning its "open door" policy.

Germany's Angela Merkel travels to Munich for the congress of her Bavarian sister party, the Germany's Christian Social Union. Ahead of the Paris events, CSU chief Horst Seehofer had been piling pressure on her to tighten migrants policy.

In France itself, it is the first Friday night after the attacks. The #tousaubistrot ("everyone head to the bar") social media campaign is exhorting the very people specifically targeted by last Friday's killings -- young, urban party-goers -- to get out and show life goes on as normal. Interesting to watch the mood in the bars of central Paris tonight.

MARKETS (AT 0745 GMT)

The dollar is up a bit against a basket of currencies. Markets seem prepared for the Fed to raise interest rates in December but see the hike as a sign of economic strength rather than the start of a major tightening cycle. The euro, facing a loosening of ECB monetary policy next month, is down 0.3 percent at $1.0702 and the yen is down a shade at 122.95 per dollar as Japan heads into a three-day weekend. If there is more message calibration to be down, a banking conference in Frankfurt brings together stacks of ECB speakers, including President Draghi, while Fed officials are talking in the U.S (Other OTC: UBGXF - news) . later in the day. U.S. Treasury yields are steady after falling at the long end on Thursday. German 10-year yields are about flat at 0.49 percent.

European shares look set to edge higher at the open after hitting three-month highs on Thursday. Asian shares rose 0.3 percent, according to MSCI (NYSE: MSCI - news) , with Tokyo's Nikkei gaining 0.1 percent. The Shanghai Composite closed 0.4 percent higher after more policy easing steps from the central bank.

Commodities are still on the ropes. Brent crude was down a touch at $44.12 a barrel, copper was up 0.1 percent at $4,635 a tone but still close to 6 1/2 year lows and gold, hit by dollar strength, was still close to five-year lows, though up 0.3 pct at $1,081 an ounce.

EVENTS

Euro Zone-Consumer confidence

Germany PPI

ECB's Draghi, Weidmann speak in Frankfurt

Denmark retail sales, consumer confidence

Final version of Greek 2016 budget to parliament

UK public sector borrowing requirement

Italian senate vote on budget (Editing by Toby Chopra)