(MENAFN– ecpulse)
European stock markets ended notably higher on Tuesday, after Russia reassured markets that any use of military force in Ukraine would be the last resort.
- Stoxx 600 advanced 2.06 percent or 6.79 points to 337.15
- Stoxx 50 advanced 0.47% to 3136.33 . As of 04.02 a.m. EST.
Putin gave a muted response when asked about any potential conflict in Ukraine, at a Moscow press conference on Tuesday morning. He said there was "no need yet" to exercise Russian authority in Ukraine, and said he was not considering annexing Crimea .
Late on Tuesday, Ukrainian Prime Minister Arseny Yatseniuk said that his government and the Russian administration had opened talks on the crisis.
Meanwhile, U.S. Secretary of State John Kerry arrived in Kiev on Tuesday and announced economic assistance for Ukraine, in a show of support for its new government .
Russia`s MICEX Index led global markets higher, provisionally closing up by around 5 percent, after losing nearly $60 billion in market capitalization on Monday.
-Russia’s MICEX advanced 5.26% or 67.73 points to 1356.54
Corporate News
Germany`s energy firm RWE posted its first annual loss in six decades on Tuesda,y caused by nearly $7 billion in writedowns. However, shares rose 2 percent, with analysts saying that the results were better than expected.
Heavily weighted Russian stocks clawed backed Monday`s losses, with MegaFon closing higher by 2.3 percent, and both Gazprom and VTB Bank climbing roughly 8 percent.
-The British FTSE 100 advanced 1.72% or 115.42 points to 6823.77
-The French CAC 40 advanced 2.45% or 105.03 to 4395.90
-Frankfurt’s DAX 30 advanced 2.46% or 230.26 points to 9589.15
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