- Biden opens home to 'Quad' leaders for farewell summit
- Sally Rooney returns with 30-something questions
- Wallabies sense 'massive' chance to upset All Blacks
- Taiwan questions two in probe into Hezbollah pagers
- Viral Korean Olympic shooter scores first acting role as assassin
- Farrell set for 'challenge' of downing Bordeaux in Top 14
- Springbok Etzebeth diverts attention from looming caps record
- Inter on a high ahead of Milan derby as Napoli face Juve test
- Bank of Japan leaves key interest rate unchanged
- Arnold quits after six years in charge of Australia
- Asian markets track Wall Street record to extend global rally
- Guirassy and Anton to return to Stuttgart with new side Dortmund
- Marseille bidding to continue 'almost perfect' Ligue 1 start
- Arnold quits as coach of Australia men's football team
- Harris and Oprah hold star-studded US election rally
- Allies to remember failed WWII parachute operation
- Perez leading new-look Villarreal charge against leaders Barca
- Man City face Arsenal in Premier League title showdown, Postecoglou under pressure
- Fake celebrity endorsements, snubs plague US presidential race
- Documentary brings Argentine 'death flights' to the big screen
- Strike shows challenge to Boeing 'reset' of labor relations
- World leaders to gather at UN as crises grow and conflicts rage
- How plastic pollution poses challenge for Canada marine conservation
- Scientists track plastic waste in pristine Canada marine park
- South Africa's Buhai grabs LPGA Queen City lead
- Japan inflation firms to 2.8% ahead of BoJ rate decision
- Russia's Kadyrov accuses Musk of 'remotely disabling' his Cybertruck
- Titan sub had to abort a dive days before fatal implosion: testimony
- Ohtani makes MLB history with first 50-homer, 50-steal season
- Ohtani eyes MLB history after surpassing 50 stolen bases, 49 homers
- Ohtani eyes MLB history after surpassing 50 stolen bases
- Barca downed by Monaco as Arsenal held in Champions League stalemate
- Head's 'good night at office' after century seals win over England
- Dubois seeks legitimacy with Joshua scalp
- Rate cut could lift consumer spirits before US elections
- Last-gasp Gimenez strike sends Atletico past Leipzig
- Barca stumble at Monaco after early red card
- Raya heroics save Arsenal in Champions League opener at Atalanta
- Cathay Airbus engine fire linked to cleaning: EU regulator
- Guardians beat Twins to secure MLB playoff berth
- Jihadist attack in Mali capital killed more than 70: security sources
- Alonso hails 'efficient' Leverkusen after Feyenoord rout
- Head's hundred seals Australia win over England in 1st ODI
- Ex-Man United striker Anthony Martial joins AEK Athens
- NFL unbeatens meet as Texans visit Vikings, Steelers host Chargers
- Head's hundred seals Australia win over England in 1st ODI after Labuschagne strikes
- Dream debut for Wirtz as Leverkusen thump dire Feyenoord
- Myanmar flood death toll climbs to 293: state media
- Israel army says West Bank air strike kills 4 militants
- LIV golfers get green light for US Ryder Cup team, PGA Championship
European stocks rebound, oil slides on easing Ukraine fears
European stock markets rebounded and oil prices tumbled Tuesday on hopes that Ukraine and Russia would avoid a full-blown conflict.
Russia has pulled back some of its forces near the Ukrainian border, seen as a de-escalation in Moscow's crisis with the West.
The Kremlin however stressed Russia would continue to move troops across the country as it saw fit.
"First signs that Russia may be pulling back from the brink of war is being greeted with a tentative sigh of relief by investors, with some sectors making small strides of recovery," noted Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown.
London's benchmark FTSE 100 index was up 0.7 percent approaching the half-way stage.
In the eurozone, Frankfurt rose 1.8 percent and Paris gained 1.7 percent.
Europe's main stock markets had closed down about 2.0 percent Monday on fears that Russia would soon invade neighbouring Ukraine.
Oil prices, which have shot to seven-year highs on the Ukraine crisis, tumbled more than three percent in value Tuesday.
Western powers have drawn up a series of tough sanctions against Moscow in the event of an invasion but there is a big worry that such a move would have economic consequences since the two countries are key sources of vital commodities including oil, gas and wheat.
The price of each of them has soared in recent weeks.
Talks between Russian President Vladimir Putin and German Chancellor Olaf Scholz began in Moscow Tuesday, the latest meeting in weeks of diplomatic efforts to defuse tensions over Ukraine.
"There is a certain relief in the Ukraine-Russia crisis as the two sides seem willing to continue their diplomatic efforts to avoid a military action," noted Swissquote senior analyst Ipek Ozkardeskaya.
Equities had been in turmoil after US national security advisor Jake Sullivan last week warned that Russia could storm into Ukraine "any day now", having amassed more than 100,000 troops on its border in recent weeks.
"The geopolitical risks still remain elevated as Russian troops remain at the Ukrainian border, but the risk of military conflict happening this week appears to have eased," said Edward Moya, analyst at Oanda trading group.
In earlier Asian stock market trading, Tokyo retreated as investors brushed off data showing Japan's economy rebounded in the final three months of 2021.
There were losses also in Hong Kong, Sydney, Singapore, Seoul, Wellington, Taipei and Manila, but Shanghai, Mumbai, Bangkok and Jakarta edged up.
- Key figures around 1200 GMT -
London - FTSE 100: UP 0.7 percent at 7,581.86 points
Frankfurt - DAX: UP 1.8 percent at 15,384.78
Paris - CAC 40: UP 1.7 percent at 6,967.71
EURO STOXX 50: UP 1.8 percent at 4,137.16
Tokyo - Nikkei 225: DOWN 0.8 percent at 26,865.19 (close)
Hong Kong - Hang Seng Index: DOWN 0.8 percent at 24,355.71 (close)
Shanghai - Composite: UP 0.5 percent at 3,446.09 (close)
New York - Dow: DOWN 0.5 percent at 34,566.17 (close)
West Texas Intermediate: DOWN 3.6 percent at $92.04 per barrel
Brent North Sea crude: DOWN 3.2 percent at $93.37 per barrel
Euro/dollar: UP at $1.1346 from $1.1305 late Monday
Pound/dollar: UP at $1.3541 from $1.3526
Euro/pound: UP at 83.78 pence from 83.54 pence
Dollar/yen: UP at 115.68 yen from 115.55 yen
A.Gasser--BTB