CORRECTED-European stock markets recover, boosted by banks

miércoles 18 de mayo de 2016 11:05 GYT
 

(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...