MILAN (Reuters) - European shares steadied in early trading on Tuesday as Chinese equities stabilised after a heavy sell-off and immediate worries over a stand-off between Rome and Brussels over Italy's spending plans appeared to ease.
Strength in oil stocks on higher crude prices and a rise in banking stocks on rising global yields helped drive the pan-European STOXX 600 index <.STOXX> up 0.05 percent by 0719 GMT, just above the 6-month closing low hit on Monday. Germany's DAX
The oil and gas index <.SXEP> rose 1.1 percent, while basic resources stocks <.SXDP> were also in demand, up 1.3 percent as metal and crude prices rose. [MET/L] [O/R]
Banks added 0.5 percent with Italian lenders leading the way, up 1 percent after a report that the Italian government was planning investor roadshows to support the bond market.
German lender Commerzbank
Defensives were broadly lower, keeping a lid on gains, while Sage Group
(Reporting by Danilo Masoni, Editing by Helen Reid)