European Shares Rise as UBS Rise

European stocks rose on Tuesday, January 26th, after a two-session decline, as Swiss Wealth Management UBS announced a rise in quarterly net profit, but the gains were curbed by concerns about extending the lockdown and US stimulus measures.

The European Stoxx600 index rose 0.2%, after closing at its lowest level in more than two weeks in the previous session.

UBS gained 3.3% as higher levels of client activity helped the world’s largest wealth manager post a 137% increase in net profit.