MORNING BID EUROPE-Trump in Warsaw as world eyes N.Korea standoff

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

LONDON, July 6 (Reuters) - Donald Trump will have a chance to weigh in on North Korea at an 0830 GMT press conference in Warsaw with his Polish hosts today. Washington warned on Wednesday it was ready to use force to stop North Korea's nuclear missile program but said it preferred diplomacy against Pyongyang after it launched a ballistic missile that could hit Alaska. The question is whether Trump, who appears to have overestimated China's influence on this issue, will take a more belligerent tone.

The European Union's ambivalent (arguably outright split personality) stance on Turkey will be on full display today as the European Parliament votes to suspend formal talks on Turkey's membership of the bloc just as the EU official in charge of membership bids travels to Ankara to stress how import Turkey is to Europe. Confused? Join the many Turks who lost patience with Brussels on this many years ago. The problem is that while Europe needs Turkish help to curb migrant flows it can't abide its leader Recep Tayyip Erdogan's authoritarian tone and stance on human rights. The latest blow-up between the two sides has involved the EU assembly scolding Erdogan on the detention of German-Turkish journalist Deniz Yucel - suggesting the lawmakers are minded to vote for a formal suspension.

As central bankers around the world negotiate a path towards tightening, the ECB at 1130 GMT releases minutes of its June policy meeting that will be scrutinised for more clues on its stance later this month; and in the UK, one of the Bank of England hawks, Ian McCafferty, will explain why he voted for a rate hike last month as he fields questions from LBC (Shanghai: 600727.SS - news) radio listeners.

MARKETS AT 0655 GMT Some of the biggest casualties of this week’s shift in focus back onto U.S. monetary policy have been emerging market currencies, which fell sharply in tandem on Wednesday on mix of worries about Fed tightening, a sudden plunge in the oil price, nerves about political moves against the independence of South Africa’s Reserve Bank and warniness ahead of today’s G20 summit in Hamburg. The rand led the way down, but Turkey’s lira and Russia’s rouble also fell more than 1 percent and the moves appeared independent of any wider move in the dollar against the G10 currencies. There has been some stabilization this morning, not least because Brent crude has bounced back above $48 and also because last night’s meeting minutes from the Federal Reserve were more equivocal about the timing of future rate rises and balance sheet unwinding that many had been expecting. Futures markets are still evenly split on another rate hike by December, with probabilities slightly higher over the past 24 hours at about 53 percent. But the Fed outlook will likely hinge as much on tomorrow’s June payrolls report, where consensus forecasts pencil in another 180,000 rise in jobs last month. May trade, June ADP private sector jobs and service sector sentiment are all out later today. And after the G20 mulls trade, climate and geopolitics over the weekend, Janet Yellen testifies to Congress next Wednesday.

But the move in emerging market currencies, which have weakened roughly 0.3-0.5 percent across the board against the dollar again this morning, appears to be against G10 currencies en masse and possibly speaks more to the generalized fears of the past week of a broader removal of stimulus from the European Central Bank, Bank of England and others and not just the Fed. On that score, ECB meeting minutes out later today will be an interesting glimpse at the council’s thinking in the light of ECB chief Draghi’s seemingly hawkish tilt in Portugal last week. BoE (Shenzhen: 000725.SZ - news) hawk McCafferty is also speaking today. Despite ongoing North Korea anxiety, stock markets were relatively buoyant overnight. Wall St pushed higher, led by a Nasdaq (Frankfurt: 813516 - news) bounceback, and Asia bourses mostly followed suit. Eurostocks are marked higher for the open too. The dollar index is flat, as are 10-year Treasury yields. European sovereign debt yields are higher ahead of the ECB minutes. * Europe corp events: Carrfour Q2 sales; Sodexo sales update, SuperGroup (Frankfurt: 49S.F - news) results, Ferrexpo (Other OTC: FEEXF - news) update; Bovis trading update

* German May industrial orders

* Swiss June inflation

* G20 leaders arrive in Hamburg for summit. German finance minister Schaeuble and IMF chief Lagarde speak in Hamburg

* UK 10-year gilt auction

* BoE policymaker McCafferty speaks

* Spain government bond auction

* ECB releases latest meeting minutes

* UN monthly world food price index released

* EU-Japan seal trade deal

* EU Brexit negotiator speaks in Brussels

* Ukraine/Egypt central bank policy decisions

* SAfrica June business confidence

* US June ADP private sector employment, weekly jobless, June non-manufacturing confidence, May trade data

* Canada May trade data (Editing by Toby Chopra)