* FTSEurofirst 300 index rises 0.6 percent
* Miners gain after Australia dumps "super profit" tax
* Investors await U.S. non-farm payroll data
* For up-to-the minute market news, click on [
]By Joanne Frearson
LONDON, July 2 (Reuters) - European shares rose on Friday, bouncing back from three days of losses, with miners higher after Australia dumped its proposed "super profits" tax on the sector for a lower resource rent tax.
But gains were limited as investors remained nervous about the global outlook ahead of U.S. non-farm payroll data, due at 1230 GMT. The median forecast for the non-farm payrolls is a loss of 110,000 jobs in June, versus a gain of 431,000 jobs in the previous month. [
]By 0834 GMT, the pan-European FTSEurofirst 300 <
> index of top shares was up 0.6 percent at 974.57 points after hitting a five-week closing low on Thursday on worries over the global economic recovery, following weak U.S. and Chinese data. Miners climbed after Australia moved to end their tax dispute. Anglo American <AAL.L>, Antofagasta <ANTO.L>, BHP Billiton <BLT.L>, Rio Tinto <RIO.L> and Xstrata <XTA.L> rose 1.3 to 3.7 percent."The mining decision in Australia will benefit the miners, but that aside investors will be looking towards the U.S. non-farm payrolls," said Justin Urquhart Stewart, director at Seven Investment Management.
"The market was spooked by (data yesterday) and I do not think investors will want to take big positions ahead of the U.S. figures."
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Graphic on U.S. non-farm payrolls
http://graphics.thomsonreuters.com/10/US_NFPP0610.gif
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Banks featured among the top risers, recovering from sharp losses in the previous session. On Thursday, banking and regulatory sources said no German bank was in acute danger from a probe into the health of Europe's lenders and there was enough cash available to fill any gaps if the situation worsened. [
]HSBC <HSBA.L>, Banco Santander <SAN.MC> and Barclays <BARC.L> gained 0.9 to 2.4 percent. Dutch bancassurer ING <ING.AS> gained 2.1 percent on hopes the company was likely to come through bank stress tests unscathed.
DEUTSCHE BOERSE GAINS
Frankfurt exchange operator Deutsche Boerse <DB1Gn.DE> gained 3.6 percent after Morgan Stanley raised the company to "overweight" from "equal-weight".
Technical charts showed there was some support for the Euro STOXX 50 <
>, the euro zone's blue-chip index, at around 2,500 points. The index was up 0.5 percent at 2,531.15 points."But what we would like to see from here is a bounce back, though volumes are on the low side," said Manoj Ladwa, senior trader at ETX Capital.
"It has been down at those levels in April, May and June and has bounced back. I would say the next level of resistance would be 2,670."
Across Europe, the FTSE 100 <
> index was up 0.4 percent, Germany's DAX < > was 0.3 percent higher and France's CAC 40 < > was up 0.3 percent.The Thomson Reuters Peripheral Eurozone Countries Index <.TRXFLDPIPU> gained 0.6 percent. (Graphics by Scott Barber; editing by Karen Foster)