European stocks bounced back Tuesday after Russia said it’s withdrawing some troops from the border of Ukraine.
After sliding 1.8% on Monday, the Stoxx Europe 600
rose 1.3% to 466.82. This year the pan-European benchmark has dropped 4%, outperforming the S&P 500 which has dropped 8%.
Of the major regional indexes, the German DAX
gained 1.7%, the French CAC 40
increased 1.3% and the U.K. FTSE 100
Most sectors advanced, with healthcare shares in particular seeing strength as AstraZeneca
rose 5% and Novo Nordisk
rose 3%, though energy companies including Equinor
slumped as oil prices retreated.