LIVE MARKETS-Early morning headlines round-up: autos in focus


* European shares seen lower

* Eyes on ECB policy meeting

* Fed raised rates as expected

* VW fined 1 bln euros over emissions

June 14 (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

EARLY MORNING HEADLINES ROUND-UP: AUTOS IN FOCUS (0554 GMT)

Turning to corporate news that could move single stocks today, here are the top headlines

that caught our attention.

It looks that the auto sector, recently hit by worries the US could apply higher import

tariffs, could be in the spotlight with VW fined 1 billion euros over emission cheating and a

report saying Renault CEO will likely step down before his mandate ends.

VW fined 1 bln euros by German prosecutors over emissions cheating

Renault (LSE: 0NQF.Lnews) ‘s Ghosn likely to step down as CEO before term ends- FT

Ford says fuel cell venture with Daimler (IOB: 0NXX.ILnews) will close

Mind the gap – Thyssenkrupp (IOB: 0O1C.ILnews) in value struggle with Tata Steel (BSE: TATASTEEL.BOnews)

Pernod Ricard (TLO: RI-U.TInews) wines delayed at Chinese ports amid strained ties with Australia

UK watchdog to complete enforcement probe into RBS (LSE: RBS.Lnews) business unit in July

FDA finds deficiencies in Mylan (Hamburg: 27249935.HMnews) ‘s generic version of GSK’s Advair

Italian banks to shed 70 bln euros in bad loans this year -PwC

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Britain’s Sky (Frankfurt: 893517news) , Perform win broadcast rights for Italy soccer

Britain’s crime agency investigating Dixons Carphone (Frankfurt: CWB.Fnews) cyber attack

Italy’s top court rejects appeal to stymie Shell (LSE: RDSB.Lnews) , Eni (LSE: 0N9S.Lnews) corruption trial

Italy’s Benettons tap GIC among bidders for Cellnex holding vehicle – sources

Etihad Airways in talks to cancel, defer Boeing (NYSE: BAnews) 777X orders -sources

Retelit (Frankfurt: EAEN.Fnews) to challenge Italian government’s use of ‘golden powers’

And here some top market headlines:

> Asian shares slip on Fed hike, trade fears and soft China data

> Wall St falls as Fed signals two more hikes this year

> Nikkei drops, risk sentiment hit by hawkish Fed tone, trade war worries

> U.S. yields climb after Fed flags 2 more rate hikes this year

> Fed-driven dollar surge fades, focus moves to ECB meeting

> Gold slips as Fed signals more rate hikes, but trade worries limit losses

> Copper slips to near one-week low after soft China data

> Oil falls on lower China refining activity, fresh U.S. crude output record

(Danilo Masoni)

*****

MORNING CALL: EUROPEAN SHARES SEEN DOWN AFTER FED, BEFORE ECB (0513 GMT)

European shares are expected to open lower this morning after the Federal Reserve raised

interest rates and signalled two more hikes this year and ahead of the European

Central Bank meeting that will debate whether to end its huge asset purchases by year-end

.

Here are your morning calls, courtesy of David Buik at CORE SPREADS.

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Over in Asia, the Fed’s more hawkish tone in forecasting a slightly faster pace of

tightening drove shares lower, while concerns about U.S.-China trade frictions kept investors on

edge. Here are the highlights of our latest global markets report.

* Fed raised rates as expected, sees 2 more rate hikes this year

* Concerns about U.S.-China trade war cast shadow

* China data surprisingly soft

* Dollar quickly loses steam after jump on Fed, focus on ECB

(Danilo Masoni)

*****



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