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Sept 26 (Reuters) - European shares jumped on Thursday,

buoyed by optimism in Asia following news that China is

considering capital injections into its top banks, while

investors awaited remarks from the European Central Bank's (ECB)

president.

The pan-European STOXX 600 index was up 1% at

524.56 points by 0710 GMT, just shy of its record high of

526.66.

Technology and basic resources were the

biggest boost to the benchmark index, gaining over 3% each.

Oil stocks were the biggest drag, losing 2.8% as oil prices

fell on news of top exporter Saudi Arabia giving up its crude

oil price target.

Meanwhile, a report said that China is considering injecting

up to 1 trillion yuan ($142.39 billion) of capital into its top

banks to increase their capacity in a bid to support its

struggling economy.

Chinese leaders also pledged to support the economy through

"forceful" interest rate cuts.

Luxury stocks also lifted the benchmark on the

day, with LVMH and Hermes gaining over 4.3%

each.

A slew of ECB board members are scheduled to speak later in

the day, with comments from president Christine Lagarde taking

centre-stage, due at 1330 GMT.

The Swiss National Bank is expected cut its interest rate by

25 basis points.

H&M dropped 7.7% after the world's second-largest

listed fashion retailer said it no longer expected to reach its

full-year earnings margin goal, while reporting a

lower-than-expected operating profit for the third quarter.