(MENAFN- AFP) Europe's main stock markets rebounded Tuesday from the previous day's slump, as investors breathed a sigh of relief after Russia's reported ultimatum to Ukraine passed without incident, dealers said.In morning European deals, London's benchmark FTSE 100 index rallied 1.09 percent to 6,781.09 points and in Paris the CAC 40 won 1.29 percent to 4,346.60 points.Frankfurt's DAX 30 gained 1.02 percent to 9,454.15 points, after tumbling by 3.44 percent on Monday.The dollar and euro also clawed back some of Monday's losses against the yen as a degree of confidence returned to the market, while gold and oil prices fell from multi-month highs.Fears of an assault by Russian forces on Ukrainian military bases surrounded in Crimea -- a mainly Russian-speaking peninsula in the southeast of the ex-Soviet state -- did not materialise overnight.Ukrainian officials said Monday that Russia had given Ukrainian soldiers in Crimea an ultimatum to surrender or face an all-out assault, although Russia denied this.-- Markets look 'relaxed' --"After a huge sell-off, markets look a little bit relaxed, but whether the rebound is a sustained one it remains to be seen," said Varengold Bank analyst Anita Paluch."While the tensions have never been higher, the ultimatum by Russia has passed without any major commotion."Asian equities steadied after recent heavy losses, but traders remain on edge as they await world leaders' response to Russia's decision to send forces into Ukraine.Washington and the European Union said they were looking at a range of sanctions against Russia for its threat to use force."It was believed that Russia gave Ukraine a deadline of 0300 GMT or they would face a storm," said analyst James Hughes at traders Alpari."Ukraine are calling this Russia's attempt to ask for the surrender of their forces, however it does now seem that Russia have now denied that any ultimatum was issued."Moscow's stock markets meanwhile rebounded by three percent on Tuesday after plunging by more than ten percent the previous day.The ruble also rose slightly after hitting record low rates against the euro and dollar.Russian President Vladimir Putin on Tuesday told troops to return to their permanent bases after calling a snap drill to check their battle-readiness last week.Putin on February 26 ordered snap combat readiness drills involving thousands of troops, in what was ostensibly a routine exercise unconnected to the situation in Ukraine. The unidentified armed forces backing the breakaway movement in Crimea have not been acknowledged by Russia as its troops, although Ukrainian officials say that they are clearly Russian soldiers.World shares had mostly tumbled on Monday after Russia's parliament voted to allow Putin to send troops into Crimea.It came following last month's ousting of the pro-Russian government in Kiev of Viktor Yanukovych, after weeks of protests in the capital.While the international community anxiously watches events in Eastern Europe, analysts said the fact that the crisis had not worsened had provided a buying opportunity."With no new headlines breaking on the geopolitical situation, it looks like investors are taking this opportunity to claw back the steep losses of yesterday's session," said Spreadex trader Samuel Fox.In Asia, Tokyo stocks rose 0.47 percent, Sydney added 0.29 percent and Hong Kong won 0.70 percent in value, while Shanghai dipped 0.18 percent and Seoul gave up 0.54 percent.
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