FX.co ★ European Stocks Waver

The STOXX 50 and STOXX 600 were little changed on Tuesday, pausing after a strong two-day rally that had propelled both benchmarks to record highs, as investors shifted focus to a new wave of corporate results. BP shares fell 4% after the company paused its share buyback program and reported fourth-quarter earnings broadly in line with expectations. Barclays slipped 0.2% despite a 12% rise in annual profit and the announcement of a GBP 1 billion share repurchase. Allianz declined 2.4%, Prosus NV lost 1.4%, and Zurich retreated 1%. In contrast, AstraZeneca advanced 2% after reporting robust quarterly results. Kering jumped more than 8% on guidance pointing to a return to growth this year. Philips surged 10% after beating profit forecasts and projecting higher sales and profitability. Luxury stocks also gained ground, with LVMH up 1.3%, Hermès adding 2.9%, and L’Oréal rising 0.9%.