Global stocks rebound as Italian risk ebbs

Global stocks staged a recovery on Wednesday, buoyed by optimism that Italy may avoid a potentially damaging general election.The recovery was partly driven by news that Italy's two anti-establishment parties were renewing efforts to form a government, rather than force the country to the polls for the second time this year.The prospect that no government would be formed, leading to elections that could be a referendum on Italy's euro membership, had sent short-term Italian bond yields up by the