European shares rebound as budget hopes lifts Italian banks

MILAN (Reuters) - European shares rose on Wednesday as Italian banks rebounded on hopes Rome could compromise with Brussels over its budget plans and the battered tech sector recovered following a widespread sell-off on worries over iPhone demand.The STOXX 600 rose 0.5 percent in early trading, on course to snap a five-day losing streak that pushed the pan-European benchmark close to the nearly two-year low hit last month. Germany's DAX index rose 0.9 percent and London's FTSE 100 added 0.3..