Upbeat earnings lift European shares, China still a drag
* FTSEurofirst 300 up 0.7 percent
* Siemens, Nokia underpin euro zone recovery story
* But China and emerging markets weigh
* German unemployment data shows surprise rise
* Peripheral euro zone preferred to core - Julius Baer
By Lionel Laurent
LONDON, July 30 (Reuters) - European equities were set for their third straight day of gains on Thursday, with results from Siemens, Nokia and Deutsche Bank underpinning signs of a euro zone recovery.
Sentiment was also buoyed around the world by the U.S. Federal Reserve's relatively bright picture of improving labour-market conditions without appearing any more aggressive than expected on the timing of an interest-rate increase.
However, concerns over China's growth and an emerging-markets slowdown weighed on companies including Anheuser-Busch InBev. French carmaker Renault warned of a "significant" slowdown in emerging markets in 2015. Continuación...