- Cancer, cardiovascular drugs tipped for Nobel as prize week opens
- As Great Salt Lake dries, Utah Republicans pardon Trump climate skepticism
- Amazon activist warns of 'critical situation' ahead of UN forum
- Mourners pay tribute to latest victims of deadly Channel crossing
- Tunisia incumbent Saied set to win presidential vote: exit polls
- Phillies win thriller to level Mets series
- Yu bags first PGA Tour win with playoff win
- PSG held by Nice to leave Monaco clear at top of Ligue 1
- AC Milan fall at Fiorentina after De Gea's penalty heroics
- Lewandowski treble for leaders Barca as Atletico held
- Fresh Israeli strikes hit south Beirut
- Sucic stunner earns Real Sociedad draw against Atletico
- PSG draw with Nice, fail to reclaim top spot in Ligue 1
- Gudmundsson downs AC Milan after De Gea's penalty heroics for Fiorentina
- 'Yes' vote prevails in Kazakhstan nuclear plant vote: TV
- 'Difficult day': Oct 7 commemorations begin with festival memorial
- Commemorations begin for anniversary of attack on Israel
- Lewandowski hat-trick powers Liga leaders Barca to Alaves victory
- 'Nothing gets in way of team,' says Celtics' MVP hopeful Tatum
- India maintain Pakistan stranglehold as Windies cruise at Women's T20 World Cup
- 'We will win!': Mozambique's ruling party confident at final vote rally
- Tunisia voting ends as Saied eyes re-election with critics behind bars
- Florida braces for Milton, FEMA head slams 'dangerous' Helene misinformation
- Postecoglou slams 'unacceptable' Spurs after 'terrible' loss at Brighton
- Marmoush double denies Bayern outright Bundesliga top spot
- Rallies worldwide call for Gaza, Lebanon ceasefire
- Maresca hails Chelsea's 'fighting' spirit after draw with 10-man Forest
- New 'Joker' film, a dark musical, tops N.America box office
- Man Utd stalemate keeps Ten Hag in danger, Spurs rocked by Brighton
- Drowned by hurricane, remote N.Carolina towns now struggle for water
- Vikings hold off Jets in London to stay unbeaten
- Ahead of attack anniversary, Netanyahu says: 'We will win'
- West Indies cruise to T20 World Cup win over Scotland
- Arshdeep, Chakravarthy help India hammer Bangladesh in T20 opener
- Lewandowski's quickfire hat-trick powers Liga leaders Barca to Alaves victory
- Man Utd fire another blank in Aston Villa stalemate
- Lewandowski treble powers Liga leaders Barca to Alaves victory
- Russian activist killed on front line in Ukraine
- Openda strike briefly sends Leipzig top of Bundesliga
- Goal-shy Man Utd have to 'step up', says Ten Hag
- India bowl out Bangladesh for 127 in T20 opener
- Madueke rescues Chelsea in draw with 10-man Forest
- Beckett's belief rewarded as Bluestocking storms to Arc glory
- Trump on the stump, Harris hits airwaves in razor-edge US election
- Flash flooding kills three in northern Thailand
- Kaur leads India to victory over Pakistan in Women's T20 World Cup
- Juventus held by Cagliari after late penalty drama
- In France's Marseille, teen 'stabbed 50 times' then burned alive
- Ruthless Gauff beats Muchova in straight sets to win China Open
- India restrict Pakistan to 105-8 in Women's T20 World Cup
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
L.Mason--AMWN