Strong pound reins FTSE in, tech stocks pull out of nosedive - For more see the European equities LiveMarkets blog

LONDON, June 13 (Reuters) - Live coverage of European markets now available on cpurl://apps.cp./cms/?pageId=livemarkets

Summary:

** FTSE gives up gains as sterling jumps on inflation figures

** European stocks up as tech sector recovers, valuation nerves remain

** Euro zone equities second most crowded trade - BAML survey

** Morgan Stanley (Xetra: 885836 - news) sees tough trading in Q2 for European banks

** Travel sector flies on Lufthansa (Xetra: LHAB.DE - news) strength

** Slowing macro momentum to hit European equities - Deutsche Bank (IOB: 0H7D.IL - news)

** 3I set for worst day in 7 months after MS downgrade

** "Close" solution for Italy's Veneto banks boosts sector

** Greek stocks rise as focus turns to debt relief (Reporting by Helen Reid)