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European Stocks

European Shares Rise Supported by Buying Health Care And Commodities Shares

European shares rose on Tuesday after concerns about the crisis between Ukraine and Russia prompted investors to buy shares in sectors such as health care and consumer goods.

The pan-European Stoxx 600 index rose 0.6 percent by 0814 GMT, after closing in the last session at its lowest level in three weeks.

The healthcare and food and beverage sectors, two indices that are considered relatively stable during periods of uncertainty, were among the top gainers, while the mining index was supported by a 3.9 percent jump in Glencore shares after it sold a stake in Russian Rosneft.

German Chancellor Olaf Scholz heads to Moscow on Tuesday to meet Russian President Vladimir Putin on a mission to avert war, with more than 100,000 Russian troops massed on the Ukrainian border.

Shares of recruitment firm Randstad rose 3.6 percent after the company beat market expectations for fourth-quarter earnings, boosted by hiring activity from some of its large multinational clients.

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