* FTSEurofirst 300 index falls 0.3 pct
* Banks rebound, but UBS slips on tax dispute worries
* Ryanair up after raises profit forecast
By Joanne Frearson
LONDON, Feb 1 (Reuters) - European equities fell in morning
trading on Monday, as weaker oil stocks on concerns over Chinese
demand for energy overshadowed rebounds in banking and mining
shares.
By 0945 GMT, the pan-European FTSEurofirst 300 <>
index was down 0.3 percent at 1,008.34 points after gaining 1
percent on Friday.
In January, the index suffered its worst monthly loss since
February 2009, knocked lower by mounting worries over Greece's
debt woes and the prospect of more regulation on the banking
system.
"The market is just worried about the things that have been
going on over the past few weeks," said Bernard McAlinden,
market strategist at NCB Stockbrokers.
"There is apprehension about the possibility of tightening
(in China) and problems of the peripheral economies in the euro
zone."
On the macro front, China's manufacturing powered ahead in
January, providing more evidence of its robust economic health
to markets. []
But Beijing's moves last month to rein in rapid growth and
curb inflationary pressures have sparked fears that such
measures could impede a still-weak global economic recovery and
curb Chinese demand for energy and commodities.
Oil stocks slipped, with BG Group <BG.L>, Royal Dutch Shell
<RDSa.L> and Total <TOTF.PA> falling 0.5 to 1 percent.
Across Europe, the FTSE 100 <> index rose 0.2 percent,
Germany's DAX <> gained 0.1 percent and France's CAC 40
<> fell 0.1 percent.
MINERS, BANKS REBOUND
Miners reversed earlier losses. Xstrata <XTA.L> rose 0.6
percent after it posted an 11 percent rise in annual output of
coal, its most profitable product. []
Anglo American <AAL.L>, Antofagasta <ANTO.L> and Eurasian
Natural Resources Corporation <ENRC.L> gained 0.8 to 1.9
percent.
Banks also rebounded, with Barclays <BARC.L>, Banco
Santander <SAN.MC> and Deutsche Bank <DBKGn.DE> up 1.3 to 1.9
percent.
But, UBS <UBSN.VX> fell 2.3 percent after the Swiss justice
minister said the economy would suffer if the Swiss bank
collapsed as a result of its unresolved U.S. tax dispute.
[]
Among individual stocks, Tenaris <TENR.MI> lost 3.6 percent.
The company is expected to post a 30 percent fall in 2009
revenues to $8.2 billion and a 40 percent fall in EBITDA to $2.3
billion, Il Sole 24 Ore said in its "Letter to the Investor"
column on Sunday.
Vivendi <VIV.PA> fell 3.2 percent after the French media and
telecommunications giant was found guilty of misleading
investors by a U.S. jury on Friday. []
On the upside, Irish airline Ryanair <RYA.I> rose 5.7
percent as the company increased its profit forecast for the
year after posting a narrower-than-expected third-quarter net
loss. []
In macro news, U.S. December personal income and personal
consumption numbers are scheduled for release at 1330 GMT, and
U.S. December construction spending and January's U.S. ISM
report are both due out at 1500 GMT.
(Reporting by Joanne Frearson; Editing by Hans Peters)
