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STOXX 600 up 0.5, Germany39;s DAX up 0.3

Jan 9 Reuters European shares rose on Monday, extending the year39;s upbeat start to a second week, as China reopened its borders overnight and U.S. and European data soothed nerves about aggressive tightening by major global central banks.

The panEuropean STOXX 600 gained 0.5 by 0923 GMT.

The index clocked its best weekly performance in over nine months on Friday after a clutch of positive data including strong euro zone factory activity and a drop in the region39;s headline inflation indicated a milderthanexpected recession and easing price pressures.

That, along with data showing a tight U.S. labour market, calmed fears that the U.S. Federal Reserve and the European Central Bank would continue with their aggressive monetary policy tightening.

Ratesensitive tech stocks rose 1.1.

Industrial production in Europe39;s largest economy, Germany, rose slightly more than expected in November, adding to the optimism and lifting Germany39;s DAX 0.3 higher.

It plays into the rhetoric that39;s been going on over the past week, which seems to suggest that maybe the recession in Europe is not going to be as deep and longlasting as might have initially been thought, said Danni Hewson, financial analyst at AJ Bell.

At a time when…