UPDATE 1-European shares rally on U.S-China trade reprieve, STOXX 50 hits over one-year high <!-- no image --> <div>* Spain, Germany PMI factory June data disappoints (Adds comments, updates prices)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=jvDiDkZA0OY:4lOIi06sOT8:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=jvDiDkZA0OY:4lOIi06sOT8:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=jvDiDkZA0OY:4lOIi06sOT8:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=jvDiDkZA0OY:4lOIi06sOT8:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=jvDiDkZA0OY:4lOIi06sOT8:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/jvDiDkZA0OY" height="1" width="1" alt=""></div> Posted by Reuters