European shares set to snap five-day losing streak, Italy banks off highs

MILAN (Reuters) - European shares rose on Wednesday in a broad-based bounce that saw the battered tech sector recover following a widespread sell-off on worries over iPhone demand and pricey valuations.Italian banks also rose but came off highs after the League Party denied a report that Matteo Salvini, its leader and the deputy Prime Minister, was willing to compromise on the budget. The STOXX 600 rose 0.5 percent by 1000 GMT, and was set to snap a five-day losing streak that had pushed..