Banking support and Alibaba boost Asian stocks.

Global shares rose as stability in the banking sector emboldened investors, but safe-haven assets like bonds and gold remained steady. Shares in Asia rallied after Alibaba's plans to split into six units lifted tech stocks. The MSCI All-World index rose 0.3%, while European shares gained 0.92%, thanks in part to a rise in bank shares after UBS said it would rehire Sergio Ermotti to lead the company after its takeover of Credit Suisse. Oil rose for a third straight day, while gold dipped.