CORRECTED-UPDATE 1-Springer, Daily Mail lead European stocks recovery

(Corrects to say Madrid's IBEX in paragraph 8)
* Axel Springer , Daily Mail top performers on STOXX 600
* German yields rose first time in 4-days
* Healthcare, utilities, telecoms post slight declines
* Markets shut in Switzerland, Denmark, Sweden, among others

By Medha Singh
May 30 (Reuters) - Jumps for two of Europe's biggest
newspaper publishers helped European stocks gain early on
Thursday, recovering from a more than 3-month closing low a day
earlier as U.S.-China trade concerns continued to weigh on stock
markets.
Germany's Axel Springer SE SPRGn.DE shares jumped to the
top of the pan-European STOXX 600 .STOXX after it said it was
in talks with private equity firm KKR about a potential
investment in the company. Britain's Daily Mail DMGOa.L also gained over 8% after it
reported a better-than-expected 19% rise in first-half adjusted
pretax profit and reaffirmed its forecasts for the full year.

By 0825 GMT, the STOXX 600 was up 0.3%, its first gain in
three days with the European media index .SXMT leading gains
with a more than 1% rise.
"It looks like a small bounce after weeks of negative
sentiment," said Simona Gambarini, markets economist at Capital
Economics in London.
"I'm not sure how long it will last" as concerns over
Italy's budget dispute with the European Union still remains and
trade situation also doesn't seem to be getting any better.
German government bond yields also rose for the first time
in four days as stocks recovered, boosting interest-rate
sensitive bank stocks .SX7P . Madrid's bank-heavy IBEX .IBEX was the best performing
country index while Britain's blue-chip FTSE 100 .FTSE
underperformed, weighed down by shares of energy utility
National Grid NG.L and retailer Marks & Spencer MKS.L , as
both stocks traded ex-dividend.
The benchmark STOXX 600 has climbed about 10% so far this
year, but a series of shocks related to the trade tensions
between Beijing and Washington - and their potential impact on
growth - have pulled European shares down around 5% this month.
Political risks in Europe are also growing, with the EU and
Italy at odds over Rome's budget, snap elections in prospect in
Greece and Austria and Britain's chaotic Brexit process, now set
to include choosing a new Prime Minister this summer.
A Reuters poll showed European shares would move sideways
until the end of 2019 and would make just modest gains
thereafter. Among smaller names, De La Rue Plc DLAR.L , commercial
designer and printer of passports and banknotes tumbled a
quarter in value after the company issued a profit warning and
said its chief executive would step down. Traditionally defensive stocks - healthcare, utilities and
telecom - were the only ones in the red.
Volumes were lighter than usual as markets in Switzerland,
Denmark, Sweden, Austria among others were shut on account of
Ascension day.