At the close of Tuesday's trading session, European stock exchange indices demonstrated a spectacular increase following a fall the day before. The main upward factor for the markets was the easing of geopolitical tensions in eastern Europe.
The index of Europe's leading companies STOXX Europe 600 jumped by 1.43% to 467.56. The top gainers in the composite stock index were securities of German food delivery company Delivery Hero increasing by 15.1%, steelmaker ThyssenKrupp adding 8.1%, and rock wool solutions maker Rockwool International climbing by 8%. The main outsiders on Tuesday were shares of Swiss software maker Temenos decreasing by 7.9%, and energy companies Equinor and Lundin Energy.
The French CAC 40 index gained 1.86% jumping to 6979.97, German DAX increased by 1.98% to 15412.71, and the UK's FTSE 100 climbed by 1.03% to 7609.52.
The securities of Anglo-Swiss mining holding Glencore PLC increased by 1.2%. The company reported a record adjusted EBITDA of $21.32 billion for the year. At the same time, the published results of Glencore PLC exceeded the preliminary forecasts. Yesterday, the management of the holding announced that it would pay a dividend of $0.26 per share.
The stock of Dutch holding Randstad N.V. jumped by 4.7%. The recruiting company increased its net profit by 16% in Q4 of 2021 and plans to pay a special dividend of €2.81 per share.
Shares of the Finnish commercial bank Nordea Bank Abp increased by 0.2%. Nordea Bank Abp was granted permission by the European Central Bank to conduct a buyback of securities worth €1 billion.
Stocks of French energy company Engie SA dropped by 0.5% despite the publication of the report on the net profit of €3.66 billion last year. Engie's management said the company intended to pay an annual dividend of €0.85 per share
The European stock market indicators on Tuesday practically recovered from Monday's large losses, which occurred amid investors' fears about the situation in Ukraine. On Monday, traders massively abandoned risky assets stimulating high market volatility.
On Tuesday, stock exchanges turned positive, driven by the Russian Defense Ministry's announcement that the Russian forces had returned from exercises to their permanent home bases. Last week, the White House claimed that Russian troops were concentrated on the border with Ukraine and claimed that Russia was preparing an invasion.
On Tuesday, the market participants' attention was focused on the GDP of the eurozone from Eurostat. Thus, in October-December 2021 the region's economy grew by 0.3% compared to the third quarter. The published data coincided with experts' preliminary forecasts.
