Bank earnings week kicks off with UBS, HSBC, Santander
Miners, oil stocks rebound
ECB has room for 23 rate hikes this year ECB39;s Kazaks
Maersk hikes profit outlook on strong Q1
Bank stocks track best day in nearly a week

April 26 Reuters European shares breathed a sigh of relief on Tuesday as earnings from companies including Swiss bank UBS and shipping giant Maersk boosted sentiment, following an equity selloff in the previous session driven by global growth fears.

The continentwide STOXX 600 rose 0.6 after plunging nearly 2 on Monday on worries of an economic slowdown in China and rapid U.S. interest rate hikes.

Miners led gains after slumping on Monday. Nearly all subsectors and regional markets were in the black.

Yesterday was a battering, while today is a breather, said Danni Hewson, financial analyst at AJ Bell.

Earnings will be a mixed bag as they will be sorely tested by price hikes in Europe, but investors are going to latch onto good news to sink their teeth into, because they expect the rest of the earnings to be volatile or really disappoint.

Bank stocks, which are down more than 7 this year, tracked their best day in nearly a week after a series of earnings results from major European banks.

UBS gained 1.8 after reporting its best firstquarter net profit in 15 years, offering a sharp contrast to the profit declines U.S. peers reported this month.

Spain39;s Santander gained 1.1 after quarterly profit beat forecasts, rising 58 helped to higher…