Europe Factors to Watch-Shares set to bounce; Ryanair eyed

PARIS, July 28 (Reuters) - European stocks were set to rise on Monday, bouncing from the previous session's drop, with Ryanair in focus after the airline boosted its annual profit outlook. Europe's biggest budget airline lifted its annual profit outlook on Monday after posting a sharp rise in quarterly net income, coming in the wake of profit warnings by rivals Air France-KLM and Lufthansa. At 0636 GMT, futures for Euro STOXX 50, for UK's FTSE 100, for Germany's DAX and for France's CA