MILAN, Oct 9 (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 GDAXI and Britain's FTSE 100 .FTSE were flat.
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. lender Commerzbank CBKG.DE rose 2.8 percent after an upgrade to overweight from JPMorgan (NYSE:JPM).
RPC Group RPC.L rose 4.6 percent after the plastic packaging maker gave two private equity firms that are considering rival takeover offers more time to make bids. were broadly lower, keeping a lid on gains, while Sage Group SGE.L led fallers on the STOXX 600, down 5.8 percent, after a downgrade from Barclays (LON:BARC).