Italy boost lifts European markets off lows

(Reuters) - European markets eased off their lows on Tuesday, as Italian stocks rallied on hopes that a snap election could be avoided by an arrangement to form a new government in Rome.Milan's FTSE MIB rose 0.7% as the ruling 5-Star Movement and the opposition Democratic Party (PD) appeared on the verge of a deal after the PD indicated it had abandoned a veto on Giuseppe Conte serving another term as prime minister."Markets are pricing in the prospect that we might not see new elections," said..