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European stocks bounce back, helped by techs

Reuters - UK Focus

PARIS, March 30 (Reuters) - European stocks rose early on Monday, bouncing back from last week's losses with tech shares rallying after news of merger talks in the sector spurred a late-session rally on Wall Street on Friday.

At 0706 GMT, the FTSEurofirst 300 index of top European shares was up 0.6 percent at 1,587.00 points, after losing 2 percent last week.

Infineon (Xetra: 623100 - news) , STMicroelectronics (LSE: 0INB.L - news) , ARM and ASML were up 1.6 percent to 2.3 percent.

U.S. tech shares climbed on Friday after news that Intel (Swiss: INTC.SW - news) Corp is in talks to buy fellow chipmaker Altera Corp (NasdaqGS: ALTR - news) in a deal likely to top $10 billion. (Reporting by Blaise Robinson; Editing by Alistair Smout)