* Global stocks rise despite mixed earnings
* Yen reverses gains
* Bond yields mixed
By Jeremy Gaunt, European Investment Correspondent
LONDON, April 23 (Reuters) - Investors put aside recent worries about the world economy and banking woes on Thursday, sending global stocks higher and Wall Street on track for a positive start.
Mixed earnings plagued European markets -- with Credit Suisse posting better-than-expected profits and engineering group ABB missing forecasts -- but the mood was generally upbeat.
Euro zone purchasing managers provided the latest "green shoots" data to suggest some economic recovery. They signalled stabilisation in their sectors but also record job losses.
"Conditions in the global economy are looking marginally better," Citi wrote in a note.
"After five months of declines in output and trade that rival the Great Depression, current data point to a slowing pace of contraction in the global economy and a better tone to financial markets."
Globally, equities as measured by MSCI's benchmark were up 0.6 percent while its emerging market counterpart gained 1.4 percent.
The latter reflected an increasing belief among global investors that growth is likely to return sooner in many non-developed economies.
The FTSEurofirst 300 gained 0.6 percent, off earlier lows. Japan's Nikkei average gained 1.37 percent.
YEN REVERSAL
On currency markets, the yen gave up early gains and slipped broadly. It had received a boost from the banking sector concerns earlier in the session.
"The flows that are coming out are probably from hedge funds. I get the sense that traders are just sticking to short-term trading," said a trader at a major Japanese trading house.
The dollar was up 0.4 percent against the yen at 98.42 yen, after falling to 97.63 yen on trading platform EBS earlier, just shy of a three-week low of 97.57 yen hit on Wednesday.
The euro rose 1 percent to 128.70 yen, having rebounded from a one-month low of 126.10 yen hit earlier this week.
Against the dollar, the euro rose 0.6 percent to $1.3080, up from this week's one-month low of $1.2888.
Euro zone bond yields, which trade inversely to prices were flat.
The 10-year Bund yield was 3.226 percent, while the two-year Schatz yield was .1462 percent. (To read Reuters Global Investing Blog click on http://blogs.reuters.com/globalinvesting; for the MacroScope Blog click on http://blogs.reuters.com/macroscope; for Hedge Hub click on http://blogs.reuters.com/hedgehub)