By Sara Sjolin
LONDON (MarketWatch) -- Most European stock markets on Wednesday rebounded partly from steep losses the prior day, as banks rallied and bond yields in Italy and Spain came off recent highs. The Stoxx Europe 600 index XX:SXXP +0.74% rose 0.7% to 254.43. Spain's IBEX 35 index XX:IBEX +1.93% added 1.9% to 7,576.70. Yields on 10-year Spanish government bonds declined 11 basis points to 5.83%, widening away from the closely-watched 6% level. In Italy, the FTSE MIB index XX:FTSEMIB +1.60% rallied 1.6% to 14,689.84. Yields on 10-year Italian government bonds gave up 9 basis points to 5.50%, partly reversing a 31 basis points rise from Tuesday. Elsewhere, the German DAX 30 index DX:DAX +1.03% closed 1% higher at 6,674.73, while the French CAC 40 index FR:PX1 +0.62% advanced 0.6% to 3,237.69. The U.K. FTSE 100 index UK:UKX +0.70% was up 0.7% at 5,634.74.
