- Fans hail Trump's 'guts' as he returns to site of rally shooting
- Lebanon state media says Israeli strikes hit south Beirut
- Miami on track for MLS record points after win in Toronto
- Monaco take top spot in Ligue 1 with win at Rennes
- Madrid beat Villarreal to level Liga leaders Barca
- Thuram treble fires Inter past Torino and up to second
- 'Fight': defiant Trump jets in to site of rally shooting
- Mexico City's new mayor sworn in with pledges on water, housing
- Israel on alert ahead of Hamas attack anniversary
- Guardians maul Tigers in MLB playoff series opener
- Macron criticises Israel on Gaza, Lebanon operations
- French rugby player whistled but 'serene' on return amid ongoing rape case
- Retegui hat-trick fires five-star Atalanta to hammering of Genoa
- Heavyweights Australia, England off to World Cup winning starts
- Visiting UN refugee agency chief decries 'terrible crisis' in Lebanon
- Spinners come to party as England defeat Bangladesh at T20 World Cup
- Search continues for missing in deadly Bosnia floods
- Man City sink Fulham to get title bid back on track
- France's Auradou whistled on Pau return in Perpignan loss amid ongoing rape case
- A 'forgotten' valley in storm-hit North Carolina, desperate for help
- Arsenal hit back in style after Southampton scare
- Hezbollah heir apparent Safieddine out of contact after strikes
- Liverpool stay top of Premier League as Arsenal, Man City win
- In dank Tour of Emilia, Pogacar shines in rainbow jersey
- DR Congo launches mpox vaccination drive, hoping to curb outbreak
- Trump returns to site of failed assassination
- Careless Leverkusen held to Bundesliga draw
- O'Brien's 'superstar' Kyprios posts landmark win on Arc weekend
- Liverpool suffer Alisson injury blow
- Habosi helps Racing beat Vannes before Auradou's playing return
- Thousands march in London in support of Palestinians, 1 year after Oct 7
- Israel readying response to Iran missile attack
- Schutt, Mooney help Australia beat Sri Lanka in Women's T20 World Cup
- Liverpool extend Premier League lead with win at Palace
- Djokovic 'shakes rust off' to make third round of Shanghai Masters
- 'Imperfect' PSG fighting on all fronts - Luis Enrique
- Struggling Pakistan look to thwart adaptable England
- Child 'trampled to death' in asylum seekers' Channel crossing: minister
- Gauff fights back to set up Beijing final against Muchova
- Guardiola claims Premier League won't delay season for Man City
- Israel to mark October 7 attack as Gaza war spreads
- Gauff fights back to reach China Open final
- Recovering Stokes ruled out of first Pakistan Test
- Hezbollah battles troops on border as Israel pounds Lebanon
- Alcaraz, Sinner breeze into third round of Shanghai Masters
- Bagnaia wins Japan MotoGP sprint to cut Martin's lead
- Alcaraz breezes into third round of Shanghai Masters
- Gaza cultural heritage brought to light in Geneva
- 'Bullet for democracy': Trump returns to site of rally shooting
- Italy targets climate activists in 'anti-Gandhi' demo clampdown
Stocks jump, oil slides on easing Ukraine fears
US and European stock markets rebounded and oil prices tumbled Tuesday on easing fears of an imminent Russian invasion of Ukraine.
Russia raised hopes of a de-escalation of tensions with the West as it announced it was pulling back some of the troops deployed on Ukraine's border.
Western leaders applauded the statement, but called for verification. US President Joe Biden said that a Russian attack on Ukraine remains "very much" a possibility, but that a diplomatic solution to the crisis could yet be reached.
US and European equities moved unambiguously higher, with major Wall Street indices winning 1.2 percent or more after Paris and Frankfurt both added about two percent.
"While risks remain elevated, this looks like a big step in the right direction, and investors, like everyone else, are breathing a huge sigh of relief," said Craig Erlam, senior market analyst at foreign exchange broker OANDA.
The Russians "said they were going to pull troops back but nobody said they have actually seen them pulling troops back," said LBBW's Karl Haeling.
"But sometimes the market knows what's going on and the fact that crude oil sold off as much, people have the feeling beyond those official statements that they really aren't going to go in."
In addition to fears about a possible war in Eastern Europe, investors have been concerned about the US Federal Reserve possibly taking a more aggressive stance on interest rates to tame inflation.
But US stock markets shrugged off government data showing that the producer price index rose one percent, seasonally adjusted, in January -- twice what analysts had forecast.
"Many economists are hoping this is peak inflation and the economy will start to turn around soon, but reports have been consistently hotter each month since October," said TD Ameritrade chief market strategist JJ Kinahan.
The easing tensions over Ukraine also weighed on commodity prices.
Oil prices, which have shot to seven-year highs during the Ukraine crisis, tumbled as much as four percent in value. Russia is a major exporter of both oil and natural gas.
Wheat prices also cooled on Tuesday. Russia and Ukraine are major producers and exporters of the commodity.
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 2050 GMT -
New York - Dow: UP 1.2 percent at 34,988.84 (close)
New York - S&P 500: UP 1.6 percent at 4,471.07 (close)
New York - Nasdaq: UP 2.5 percent at 14,139.76 (close)
London - FTSE 100: UP 1.0 percent at 7,608.92 (close)
Frankfurt - DAX: UP 2.0 percent at 15,412.71 (close)
Paris - CAC 40: UP 1.9 percent at 6,979.97 (close)
EURO STOXX 50: UP 2.0 percent at 4,143.71 (close)
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)
West Texas Intermediate: DOWN 3.6 percent at $92.07 per barrel
Brent North Sea crude: DOWN 3.3 percent at $93.28 per barrel
Euro/dollar: UP at $1.1361 from $1.1307 late Monday
Pound/dollar: UP at $1.3541 from $1.3528
Euro/pound: UP at 83.88 pence from 83.58 pence
Dollar/yen: UP at 115.62 yen from 115.54 yen
C.Amaral--PC