(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
April 18 (Reuters) - European shares rose on Tuesday, as
investors awaited more U.S. bank earnings to gauge the health of
the sector, while China's stronger-than-expected economic
recovery boosted sentiment.
The pan-European STOXX 600 index edged up 0.2%,
after the week started with a pullback from one-year highs,
ending a five-day winning run.
Bank stocks rose 0.8%, recovering from losses across
the sector on Monday.
China's economy grew 4.5% year-on-year for the first
quarter, eclipsing the expectations of most economists.
Markets will now watch out for reports from Goldman Sachs
Group Inc and Bank of America Corp later in the
day, while Morgan Stanley is due on Wednesday, after
stellar results from the other big U.S. banks last week.
UBS Group AG added 1.1% as the Swiss bank was
making changes to its $6 billion share buyback programme
following its takeover of Credit Suisse Group AG .
EasyJet Plc rose 3.0% as the airline said it expects
full-year profit to beat market forecasts, encouraged by summer
bookings and strong demand over Easter despite French strikes.
Investors will also monitor Germany's ZEW survey, due at
0900 GMT, expected to show that economic conditions in region's
largest economy improved in April from the previous month.
(Reporting by Shubham Batra in Bengaluru; Editing by Varun H
K)
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