Upbeat earnings lift European shares, China still a drag
* FTSEurofirst 300 up 0.5 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 Safran underpinning the signs of 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...