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Aug 6 (Reuters) - European shares rebounded on Tuesday
after hitting six-month lows in the previous session, resonating
a recovery across Asian markets, and buoyed in part by a
plethora of corporate earnings.
The STOXX 600 was up 0.8%, as of 0717 GMT, after
the continent-wide index logged on Monday its steepest three-day
decline since June 2022, closing below the key 500-point mark
for a second day.
Japan's Nikkei gained 9% after the markets witnessed
its largest single-day decline since 1987 in the previous
session.
The travel sub-index was the top gainer among
sectors, led by a 2.1% gain in InterContinental Hotels Group ( IHG )
after the Holiday Inn owner reported higher numbers in
the second quarter.
Among individual stock moves, Italian bank Monte dei Paschi
di Siena surged 8.2% ater it raised its profit
outlook.
Adecco gained nearly 5% even as the Swiss staffing
company flagged bleak hiring trends to persist in the third
quarter.
Shares of Zalando gained 4% after the online
fashion marketplace reported an 18.5% rise in its operating
profit for the second quarter.
Abrdn ( SLFPF ) gained 3.7% despite the British asset manager
reporting a modest dip in its assets under management in the six
months ended June 30.