* STOXX 600 up 0.9 pct
* Italian banks up meeting ECB capital requirements
* Just Eat urged to merge, shares up (Adds closing prices)
By Danilo Masoni and Julien Ponthus
MILAN, Feb 11 (Reuters) - European shares bounced back on Monday as new-found optimism among investors about the new round of trade talks between Beijing and Washington lifted bourses from one-week lows.
The pan-regional STOXX 600 .STOXX index ended the session up 0.9 percent after falling on Friday amid worries over an economic slowdown.
Analysts cautioned that sentiment about the trade talks was volatile and that a favourable outcome was by no means a done deal.
"As U.S.–Sino trade talks begin in Beijing we are once again seeing the markets adopt an all too familiar optimistic stance", wrote market City Index analyst Fiona Cincotta.
"The reality is that we are unlikely to see any big moves towards a deal this week", she added.
Wall Street opened cautiously.
Banks and financials had a strong session with Italian lenders leading the way after Banco BPM BAMI.MI , UBI Banca UBI.MI and UniCredit CRDI.MI said their capital ratios met European Central Bank standards. Their shares were up 7 percent, 3 percent and 1.9 percent respectively.
Deutsche Post DPWGn.DE rose 2.5 percent on a report saying that Germany was set to grant the postal services firm a higher-than-expected increase in postage for letters to account for fewer letters sent and higher costs.
Just Eat JE.L rose 3.8 percent after its shareholder Cat Rock urged the British takeaway ordering website to start merger discussions.
Airbus AIR.PA shares closed up 2 percent after Goldman Sachs (NYSE:GS) added the stock to its 'European Conviction' list and reiterated its "buy" rating.
British tobacco group Imperial Brands IMB.L added 1.5 percent after it said its non-executive chairman Mark Williamson, whose tenure exceeds new British guidelines, would step down. the few fallers was Smith & Nephew SN.L , down 3 percent, following a report it has held talks to buy U.S. medical equipment maker NuVasive NUVA.O in a deal that would be worth more than $3 billion.