Europe's STOXX 600 edges up in global recovery, earnings relief
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German industrial orders swell in ray of hope for weak economy
Novo Nordisk logs biggest one-day gain in five months
Bayer shares drop after earnings hit by tough farm market
Monte dei Paschi di Siena up after raising profit outlook
STOXX 600 up 0.3%
Updated at 1600 GMT
By Pranav Kashyap and Ankika Biswas
Aug 6 (Reuters) -European shares rose on Tuesday, mirroring a recovery in global markets after the previous day's mauling, with energy and technology stocks leading the way as a slew of upbeat corporate earnings also lifted sentiment.
The STOXX 600 .STOXX closed 0.3% higher, after logging its steepest three-day decline since June 2022 and closing below the key 500-point mark for a second day on Monday on U.S. recession fears.
The "fear gauge" Euro STOXX volatility index .V2TX also cooled down from its highest level since March 2022 hit on Monday, reflecting an improved investor mood.
Wall Street climbed in volatile trading, as investors looked for bargain hunting, while dovish commentary from Federal Reserve officials also lifted the mood.
Among others, Japan's Nikkei .N225 closed up 10% after its biggest daily sell-off since the 1987 Black Monday crash.
Investor nerves appeared to be soothed after Fed policymakers pushed back against recession concerns, but also warned that the central bank will need to cut rates to avoid such an outcome.
However, Tuesday's market recovery was contained as traders refrained from making big bets, reassessing the impact of the pullback and awaiting fresh bullish catalysts.
Main indexes in Germany .GDAXI, France .FCHI and Spain .IBEX ended the session marginally high to 0.3% down.
Furthermore, data reflected a stronger-than-expected rise in German industrial orders, providing some hope for Europe's largest economy, where recession is back on the cards following a contraction in second quarter.
"The euro zone data do not scream 'rate cut' – the economy is growing at a steady pace and domestic inflation has stabilised at a high level," said Jack Allen-Reynolds, Capital Economics' deputy chief euro zone economist.
"But we suspect most ECB policymakers will judge a cut is justified next month, and recent concerns about the U.S. strengthen their case."
Technology .SX8P was the top sectoral gainer, up 1.7%, led by semiconductor stocks such as ASM International ASMI.AS, ASML ASML.AS and BE Semiconductor BESI.AS.
Heavyweight Novo Nordisk NOVOb.CO also rebounded with a 4.6% jump, its biggest one-day gain in nearly five months, ahead of the drugmaker's quarterly results on Wednesday.
Italian bank Monte dei Paschi di Siena BMPS.MI jumped 9% after raising its profit outlook and dividend payout goal through 2028.
Switzerland's Sonova SOON.S rose 6% after introducing a hearing aid that utilises real-time AI to improve speech clarity from background noise.
Industrial kitchen retailer Rational AG RAAG.DE jumped 7.2% after its results.
Meanwhile, Bayer BAYGn.DE slumped 6% after following weak quarterly adjusted earnings, while Swiss healthcare company Galenica GALE.S fell 4% after "underwhelming" first-half results.
Reporting by Pranav Kashyap and Ankika Biswas in Bengaluru; Editing by Sherry Jacob-Phillips, Varun H K and David Evans
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Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.
