GLOBAL MARKETS-Asia up as upbeat earnings, data sharpen risk appetite
* Spreadbetters see higher open for European bourses
* Upbeat data further ease recent global growth concerns
* ECB bank tests less bleak than expected, reaction muted
* Test results still show much work lies ahead for banks
By Shinichi Saoshiro
TOKYO, Oct 27 (Reuters) - Asian equities rose on Monday, taking heart from upbeat U.S. economic data and slightly better-than-expected health checks on euro zone banks, which helped revive investors' risk appetite.
Spreadbetters expected Europe to retain the upward momentum, forecasting London's FTSE and Germany's DAX to open up by as much as 0.3 percent and France's CAC 0.5 percent higher.
The euro ticked up but financial markets largely showed a muted reaction to results of stress tests on euro zone banks released on Sunday.
Of the euro zone's 130 top lenders, 25 failed the health checks at the end of last year but most have since repaired their finances, the European Central Bank said. Continuación...