EURO GOVT-Bunds fall on Chinese data, Fed disappointment

LONDON, Sept 1 (Reuters) - Bund futures opened lower on Wednesday after Chinese manufacturing data suggested a moderate rebound, lifting appetite for riskier assets such as equities and denting the appeal of safe-haven government bonds. At 0605 GMT Bund futures FGBLc1 were 29 ticks lower at 134.14 after China's official purchasing managers' index rose to 51.7 in August and boosted Asian shares. [ID:nSGE680044]

European equities .FTEU3 were seen opening higher.

The outlook for the U.S. economy would have to deteriorate "appreciably" to spur fresh support from the Federal Reserve, according to minutes of the central bank's last policy meeting released on Tuesday. [ID:nN31253959]

"This casts doubt on the size of any monetary easing, and that's caused a bit of disappointment for bond investors," a trader said.

The 10-year German bond yield DE10YT=TWEB was 2.143 percent, 3.6 basis points higher, while the two-year Schatz yield DE2YT=TWEB was up 1.3 basis points at 0.604 percent.

A busy data calendar was likely to give investors further insight into whether the pessimism over global growth prospects that saw Bunds rally sharply during August is justified.

Euro zone manufacturing PMI figures are followed by the U.S. Institute for Supply Management manufacturing index and ADP employment data.

(Reporting by William James)