UPDATE 2-European shares bounce back as trade talks resume


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    * STOXX 600 up 0.9 pct
    * Italian banks up meeting ECB capital requirements
    * Just Eat urged to merge, shares up

 (Adds closing prices)
    By Danilo Masoni and Julien Ponthus
    MILAN, Feb 11 (Reuters) - European shares bounced back on
Monday as new-found optimism among investors about the new round
of trade talks between Beijing and Washington lifted bourses
from one-week lows. 
    The pan-regional STOXX 600  .STOXX  index ended the session
up 0.9 percent after falling on Friday amid worries over an
economic slowdown. 
    Analysts cautioned that sentiment about the trade talks was
volatile and that a favourable outcome was by no means a done
    "As U.S.–Sino trade talks begin in Beijing we are once again
seeing the markets adopt an all too familiar optimistic stance",
wrote market City Index analyst Fiona Cincotta.  
    "The reality is that we are unlikely to see any big moves
towards a deal this week", she added.     
    Wall Street opened cautiously. 
    Banks and financials had a strong session with Italian
lenders leading the way after Banco BPM  BAMI.MI , UBI Banca
 UBI.MI  and UniCredit  CRDI.MI  said their capital ratios met
European Central Bank standards. Their shares were up 7 percent,
3 percent and 1.9 percent respectively. 
    Deutsche Post  DPWGn.DE  rose 2.5 percent on a report saying
that Germany was set to grant the postal services firm a
higher-than-expected increase in postage for letters to account
for fewer letters sent and higher costs. 
    Just Eat  JE.L  rose 3.8 percent after its shareholder Cat
Rock urged the British takeaway ordering website to start merger
    Airbus  AIR.PA  shares closed up 2 percent after Goldman
Sachs added the stock to its 'European Conviction' list and
reiterated its "buy" rating.
    British tobacco group Imperial Brands  IMB.L  added 1.5
percent after it said its non-executive chairman Mark
Williamson, whose tenure exceeds new British guidelines, would
step down.  urn:newsml:reuters.com:*:nL3N2062S2
    Among the few fallers was Smith & Nephew  SN.L , down 3
percent, following a report it has held talks to buy U.S.
medical equipment maker NuVasive  NUVA.O  in a deal that would
be worth more than $3 billion. 

 (Reporting by Danilo Masoni; editing by John Stonestreet and Ed
 ((Danilo.Masoni@TR.com; +39-02-66129734; Reuters Messaging:
danilo.masoni.thomsonreuters.com@reuters.net; On Twitter https://twitter.com/damasoni))

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