GLOBAL MARKETS-Europe rebounds as Ukraine rebels hand over black boxes

* European bourses rise as black boxes handed over

* Russian stocks see first rise in almost two weeks

* MSCI Asia hits 3-year peak, Nikkei up after Japan holiday

* U.S. stock futures edge higher, underpinned by earnings

* Dipping U.S. Treasury yields still holding back dollar

By Marc Jones

LONDON, July 22 (Reuters) - European markets rode a global

rebound in risk appetite on Tuesday, helped by the first signs

of cooperation from Ukraine's pro-Russian separatists over the

downed Malaysian Airlines plane.

After days of uncertainty, a train carrying the remains of

some of the almost 300 victims arrived in Ukrainian government

territory and separatist leaders have handed Malaysian

authorities the aircraft's flight recorders.

That helped settle market nerves, lifting shares both in

Europe and Asia and pushing back many of the safe-haven assets

like the yen, gold and government bonds that have been in demand

over the last week.

Europe's FTSEurofirst 300 index climbed 1 percent

as the main bourses in London, Frankfurt and

Paris all made ground and dollar-traded stocks in Moscow

saw their first rise in almost two weeks.

Wall Street futures pointed to U.S. markets starting

up around 0.3 percent and the rouble also firmed, trading 0.6

percent stronger against the dollar at 34.90 and

almost 1 percent on the euro at 47.10.

"The separatists have reportedly met several of the key

demands coming from Malaysia and Western countries," Sberbank (MCX: SBER.ME - news)

Investment Research analysts said.

The rebound in risk was also helped by more solid U.S.

company earnings and merger activity in the previous session,

though analysts remained wary about Ukraine and Russia given the

delicate nature of events.

EU foreign ministers gather later in the day in Brussels to

discuss the situation and possibly recommend further sanctions

against Russia.

Russia's Security Council, headed by President Vladimir

Putin, is also due to meet in Moscow.

RUPIAH WOBBLE

But with the market mood clearly more upbeat for the time

being, the dollar hit a six-week high as gold

dipped about two dollars to $1,305 an ounce.

In Asian trading, MSCI (NYSE: MSCI - news) 's broadest index of Asia-Pacific

shares outside Japan rose about 0.75 percent to

reach its highest since 2011 as shares in China saw their

biggest gain in 2-1/2 months.

Most Asian currencies also climbed on the updraft.

Thailand's baht hit an eight-month high on hopes an interim

constitution planned by the military will stabilise the country.

Indonesia's rupiah wobbled though as the likely

loser in its presidential election, former general Prabowo

Subianto, denounced the vote as undemocratic, creating confusion

about the official results.

Intense fighting in the Gaza Strip has also unsettled

investors in recent days, but international efforts to end the

conflict gathered pace, with U.S. Secretary of State John Kerry

holding talks in Egypt and U.N. Secretary General Ban Ki-moon

due to arrive in Israel later in the day.

However, there was no sign of any let-up in the fighting

around Gaza, with plumes of black smoke spiralling into the sky,

and Israeli shells raining down on the coastal enclave.

U.S. DATA

The various pockets of geopolitical uncertainty left the

yield on the benchmark 10-year U.S. Treasury - the

traditional go-to asset in times of tension - at 2.483 percent

in European trading, not far from its year low of 2.4 percent.

Yields on 30-year Treasuries inched down to

3.263 percent from a U.S. close at 3.264 percent on Monday.

Investors were also awaiting U.S. consumer prices data due

at 1230 GMT for clues to the timing of any monetary tightening

by the Federal Reserve.

The Labor Department is expected to report that U.S.

inflation eased slightly to 0.3 percent in June, after rising

food prices pushed the index to its biggest increase in more

than a year in May.

"It will be interesting to see how euro dollar trades into

the CPI (Other OTC: CPICQ - news) numbers," Saxo Bank head of FX strategy, John Hardy,

said.

"If it's higher than expected, is it dollar positive on the

view that it pulls the Fed guidance forward on the first rate

hike? Or is dollar negative because the Fed is seen being

complacent on inflation and behind the curve?" he said.

The dollar rose to a six-week high against a basket

of major currencies ahead of the data, pushing the euro firmly

back under $1.35 in the process, as worries about nearby

Ukraine and Russia also weighed on the shared currency.

(Additional reporting by Lidia Kelly in Moscow and Lisa

Twaronite in Tokyo; Editing by Louise Ireland)