* FTSEurofirst 300 index gains 0.1 percent
* ENRC jumps on report of takeover bid
* For up-to-the minute market news, click on [STXNEWS/EU]
By Joanne Frearson
LONDON, June 13 (Reuters) - European shares stabilised on Monday after the previous session's sharp sell-off, as analysts said global growth worries and the Greek debt crisis would continue to weigh on the market.
The Euro STOXX 50 volatility index <.V2TX> rose 2.9 percent, a sign of investors' nervousness.
A recent spate of weak economic data has pushed stocks to low levels adding to concerns about Greece, where a European rescue package for the debt-stricken country is far from finalised.
Germany has said private creditors should share costs, while the European Central Bank has said it is opposed to a scheme that could trigger a "credit event".
By 0940 GMT, the FTSEurofirst 300 <.FTEU3> index of top European shares was up 0.1 percent at 1,091.10 points after falling to a three-month closing low on Friday following downbeat Chinese trade data.
"It is just a reaction to the sell-off on Friday. Equities look like a buy at these sorts of levels on a one to two year view, but I would not read too much into it," said David Coombs, fund manager at Rathbone Brothers, which has 15.2 billion pounds under management.
"But the sovereign debt situation is likely to worsen and it will be very hard to make significant headway for European shares, until we get some clear resolution to Greece."
Traders said the index probably would not go that much above the 1,090 level.
"We might see the market flatten off today (as investors get back in the market after the sell off), but I think we are going to be in for another rocky week," Will Hedden, sales trader at IG Index, said
"There is not a huge amount of optimism on the horizon and we could see the market heading towards the 1,065 level, which represents previous market lows seen in November 2010 (and March 2011, but this was caused by the Japan earthquake)."
Miners were one of the major market gainers after a 4
percent rise in ENRC
The Kazakh miner was the best performer on Britain's FTSE 100 <.FTSE>, helping push it up 0.2 percent to fare better than Germany's DAX <.GDAXI> and France's CAC <.FCHI> which both rose 0.1 percent.
BANKS GAIN
The STOXX Europe 600 Banks index <.SX7P> also featured among the best performers after a sell-off in the previous session, when its 14-day relative strength index, a momentum indicator, hit "oversold" territory of 30.5. Thirty or below is considered "oversold". The sector has lost 19.3 percent since a peak reached in mid-February.
Britain's Lloyds Banking Group
Other markets were shut for a market holiday in Austria, Denmark, Greece, Norway, Luxembourg and Switzerland. It is also a public holiday in other European countries including France, but markets are open.
(Editing by Erica Billingham)