CORRECTED-European stock markets recover, boosted by banks
(Corrects headline to show stocks recovered)
* ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see Open for site in development. See the bottom of the report for more details
* Sonova slumps after missing financial targets
* Renewed prospect of U.S. rate hike impacts equities
* Goldman Sachs cuts equities to "neutral"
By Alistair Smout
LONDON, May 18 (Reuters) - European stock markets recovered from a weak start on Wednesday, with a rally in banks and a rebound on Wall Street helping to counteract some weak corporate earnings from companies including Switzerland's Sonova .
The pan-European FTSEurofirst 300 index rose 0.6 percent to 1,322.24 by 1445 GMT, recovering from an early fall.
Signs that inflation was returning to the U.S. economy and hawkish comments from a Fed official had hit Wall Street on Tuesday, leading to a weaker open for European stocks. However, strength in tech giants Apple and Amazon helped Wall Street to rebound. Continuación...