LONDON, Feb 1 (Reuters) - European shares bounced back on Tuesday, with investors confidence bolstered by a bright outlook for the economy and corporate profits, with strong earnings from Infineon and ARM lifting technology firms.
By 0807 GMT, the pan-European FTSEurofirst 300 index of top shares was up 0.6 percent at 1,150.04 points, after closing flat in the previous session prompted by concerns about political unrest in Egypt.
Investors were encouraged by upbeat U.S. Midwest factory activity and consumer spending figures on Monday, and will be looking ahead to manufacturing data from the euro zone and the United States due later in the session to confirm the bright outlook for economic recovery.
"There is confidence in the market as companies are reporting good figures. I am optimistic that euro zone manufacturing and U.S. ISM numbers coming out later will be the trigger for the market to push higher," said Heinz-Gerd Sonnenschein, equity markets strategist at Deutsche Postbank in Bonn.
Technology firms rose, with Infineon up 2.4 percent after the German firm raised its outlook for its fiscal year through September 2011 following solid fiscal first-quarter results. (Reporting by Harpreet Bhal)