GLOBAL MARKETS-Stocks tick up but Europe lags on results worry

                                
 By Sitaraman Shankar
                                
 LONDON, July 31 (Reuters) - Global stocks ticked higher on
Thursday following an earlier concerted central bank move to
boost liquidity, but a mixed set of corporate results in Europe
and a rebound in crude oil prices kept a lid on gains.
                                
 The dollar retreated from a recent one-month high hit
against the euro and yen with the focus on inflation and GDP
data due out of the United States at 1230 GMT.
                                
 MSCI's main world stock index <.MIWD00000PUS> gained 0.2
percent, held in check by a dip in European shares sparked by
disappointing updates from French drugmaker Sanofi-Aventis
<SASY.PA>, telecom group BT <BT.L> and food giant Unilever
<ULVR.L>.
                                
 "People have been braced for mixed results and that's what
we're getting. Costs are catching up and the consumer
environment is weaker," said John Haynes, strategist at Rensburg
Sheppard Investment Management.
                                
 "The macroeconomists have much lower numbers for expected
aggregate profitability than individual analysts, and I think
this is going to be the first year where the strategists are
more right than the underlying analysts," he said.
                                
 Emerging market stocks <.MSCIEF> rose, and gold bounced off
a five-week low as bargain-hunters emerged.
                                
 U.S. and Asian stocks gained on a move on Wednesday by U.S.,
European and Swiss central banks to extend emergency lending
facilities for investment banks.
                                
 
                                
 OIL STEADY AFTER SURGE, TURKISH MARKETS RALLY
                                
 Oil was steady after rising $4 a barrel overnight on an
unexpected drop in U.S. gasoline stocks prompted by suppliers
facing weak consumer demand cutting production and imports.
                                
 Turkish markets surged as a court ruling against shutting
the governing AK Party for anti-secular activities raised
investors' hopes that greater political stability would boost
the economy.
                                
 Shares jumped 3.5 percent, the lira gained more than 2
percent and benchmark bond yields fell by a percentage point.
 (Additional reporting by Veronica Brown; editing by David Stamp)