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Feb. 15, 2022, 8:55 a.m. EST

European stocks advance after partial Russian troop withdrawal

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By Steve Goldstein

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 /zigman2/quotes/210599654/delayed XX:SXXP +0.74% 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 /zigman2/quotes/210597999/delayed DX:DAX +0.84% gained 1.7%, the French CAC 40 /zigman2/quotes/210597958/delayed FR:PX1 +0.80% increased 1.3% and the U.K. FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +0.57% increased 0.9%.

Most sectors advanced, with healthcare shares in particular seeing strength as AstraZeneca /zigman2/quotes/203048482/delayed UK:AZN -1.40% rose 5% and Novo Nordisk /zigman2/quotes/207193277/delayed DK:NOVO.B -0.79% rose 3%, though energy companies including Equinor /zigman2/quotes/203290881/delayed NO:EQNR -0.61% and TechnipFMC slumped as oil prices retreated.

AstraZeneca reported a positive late-stage trial for a prostate cancer drug.

/zigman2/quotes/210599654/delayed
XX : STOXX
438.93
+3.21 +0.74%
Volume: 0.00
Aug. 8, 2022 5:50p
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/zigman2/quotes/210597999/delayed
DAX
DX : Xetra Indices
13,687.69
+113.76 +0.84%
Volume: 51,639
Aug. 8, 2022 6:30p
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/zigman2/quotes/210597958/delayed
FR : France: Euronext Paris
6,524.44
+52.09 +0.80%
Volume: 57,501
Aug. 8, 2022 6:05p
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/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,482.37
+42.63 +0.57%
Volume: 582,838
Aug. 8, 2022 4:58p
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/zigman2/quotes/203048482/delayed
UK : U.K.: London
10,714.00 p
-152.00 -1.40%
Volume: 1.12M
Aug. 8, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
2.07%
Market Cap
£168.37 billion
Rev. per Employee
£399,908
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/zigman2/quotes/207193277/delayed
DK : Denmark: OMX
kr. 750.00
-6.00 -0.79%
Volume: 1.91M
Aug. 8, 2022 4:59p
P/E Ratio
33.93
Dividend Yield
1.49%
Market Cap
kr.1702.04 billion
Rev. per Employee
kr.3.29M
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/zigman2/quotes/203290881/delayed
NO : Norway: Oslo
kr 352.55
-2.15 -0.61%
Volume: 3.16M
Aug. 8, 2022 4:27p
P/E Ratio
7.72
Dividend Yield
N/A
Market Cap
kr1122.28 billion
Rev. per Employee
kr53.57M
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