在庫／株s shrug off HSBC, rise on punchy euro zone growth signals
By Jamie McGeever
LONDON, Feb 21 (Reuters) - 人物／姿／数字s showing the fastest pace of growth in euro zone 商売／仕事 activity for six years propelled European 在庫／株s to a 14-month high on Tuesday, 逆転するing an earlier 落ちる after the continent's biggest bank HSBC 報告（する）／憶測d a surprise 低迷 in 利益（をあげる）s.
Europe's （判断の）基準 索引 of 300 主要な 株 rose 0.3 パーセント to 1,468 points, led by 購入（する）ing 経営者／支配人 索引 (PMI) 報告（する）／憶測s that showed the euro zone economy 拡大するing much faster and more 滑らかに than 推定する／予想するd.
Growth in Germany's 私的な 部門 reached its highest level in nearly three years, while French 商売／仕事 activity 殺到するd to 近づく a six-year high. 全体にわたる, the PMIs showed that 私的な 部門 製造業の and service 部門 activity in the euro zone this month was its strongest since April 2011.
"The euro zone 回復 力／強力にするs ahead in February, with the PMIs showing a その上の strong acceleration from already solid levels," wrote Marco Valli, 長，指導者 euro zone 経済学者 at UniCredit.
経済学者s at JP Morgan raised their second ４半期/4分の1 euro zone growth 予測（する） to 2 パーセント 年次の 率 from 1.5 パーセント.
Germany's DAX 伸び（る）d 0.5 パーセント to 攻撃する，衝突する its highest level since May 2015, while フラン's CAC 40 逆転するd earlier losses to 貿易（する） 0.3 パーセント higher.
The turnaround in Europe followed an 初期の slide on HSBC's 収入s. The 株 in Europe's largest bank by 資産s fell 7 パーセント, on 跡をつける for their biggest 落ちる since March 2009, after the bank said pre-税金 利益（をあげる）s last year 低迷d 62 パーセント, far more than 分析家s had 推定する／予想するd.
Europe's banking 索引 was last 負かす／撃墜する 1.2 パーセント, having fallen as much as 2 パーセント in 早期に 貿易（する）.
"In spite of the 急落（する），激減（する） it's still up more than 50 パーセント from its 地位，任命する-Brexit low," said Neil Wilson, 上級の market 分析家 at ETX 資本／首都, referring to HSBC's 株 price.
"But all the dollar-収入 upside may have been baked into the 在庫／株 price already and with the 続けざまに猛撃する no w pretty 安定した, the 解放する／自由な ride for HSBC's 株 looks over."
Europe's bounce 押し進めるd U.S. 在庫／株 未来s その上の into 肯定的な 領土, with 塀で囲む Street now called to open 0.3 パーセント higher on the first day of 貿易（する）ing since Friday. U.S. markets were の近くにd for the 大統領s Day holiday on Monday.
FRANCE IN FOCUS
MSCI's world 在庫／株 索引 and MSCI's broadest 索引 of Asia-太平洋の 株 outside Japan were both flat on the day, supported by the turnaround in Europe.
中国's blue-半導体素子 索引 rose to its highest in over two months, 延長するing 伸び（る）s from Monday - its best day in six months - on 報告（する）／憶測s that 年金 基金s would begin pumping 基金s into the country's 株式市場s.
With U.S. markets の近くにd on Monday, Asian markets had few 全世界の cues off which to 貿易（する）. U.S. 未来s point to a rise of around 0.1 パーセント at the open on 塀で囲む Street .
The 上昇傾向 European PMIs emboldened the bearish 事例／患者 for French 社債s, which have been under 開始するing 圧力 in 最近の weeks as 関心s surrounding the April-May 大統領の 選挙 have 強めるd.
投資家s have been preoccupied by the 可能性 that far-権利 and anti-euro 候補者 海洋 Le Pen might 勝利，勝つ.
The 賞与金 投資家s 需要・要求する to 持つ／拘留する French 社債s instead of German 負債 緩和するd わずかに on Tuesday from Monday's 近づく four-year high. The spread was last at 78 basis points, after 広げるing out to as much as 85 bps on Monday .
"It seems that, more and more, 投資家s just want to get out of French 社債s and are trying to take advantage of any chance to sell them," DZ Bank Daniel Lenz said.
In 通貨s, the euro failed to get any traction from the PMI data, and was last 負かす／撃墜する 0.7 パーセント at $1.0535 and on course for its biggest 落ちる in a month.
A slide in short-時代遅れの German 社債 産する／生じるs to a 記録，記録的な／記録する low -0.866 パーセント dulled the euro's allure, while the dollar 伸び（る）d ground in line with a 試験的な move 支援する up in U.S. 社債 産する／生じるs.
The 米国紙幣 rose 0.5 パーセント against the yen to 113.65 yen , and the 10-year U.S. 政府 社債 産する／生じる rose 3 bps to 2.45 パーセント after two 連邦の Reserve policymakers pointed to the 可能性のある for U.S. 利益／興味 率s to rise next month.
Oil prices rose, with Brent 未来s up 1.6 パーセント to $57.05 a バーレル／樽 and U.S. West Texas 中間の 天然のまま for April 配達／演説／出産 up 1.7 パーセント to $54.33 a バーレル／樽.
(報告（する）／憶測ing by Jamie McGeever; Editing by Gareth Jones)
