European stocks recover from previous losses as geopolitical fears ease.

European stock indexes saw a noticeable recovery during trading on Wednesday, following three consecutive days of losses, during which the main European stock index touched its lowest levels in over three months. This improvement came after easing investor concerns over geopolitical tensions between Ukraine and Russia. Today's gains were driven by the profits of stocks in the banking and construction sectors. After Russian President Vladimir Putin agreed yesterday to abandon some conditions in the country’s nuclear doctrine, following the Biden administration's approval for Ukraine to launch long-range attacks on Russia using American weapons, the Russian administration indicated its readiness to discuss a ceasefire agreement in Ukraine with elected President Donald Trump, whose policies exclude significant territorial concessions and Ukraine's plans to join NATO. As for market performance, European stock indices were as follows: The EURO STOXX 600 index rose by 0.55% to record 503.45 points. The German DAX index increased by 0.5% to reach 19,153.48 points. The French CAC 40 index rose by 0.44% to record 7,260.47 points. The British FTSE 100 index climbed by 0.27% to reach 8,121 points. The Spanish IBEX index increased by 0.83% to reach 11,684.40 points. The Italian FTSE MIB index rose by 0.16% to record 33,378.13 points. British stocks showed weaker performance compared to other continental indices after data from the British Office for National Statistics this morning indicated a resurgence in annual inflation to 2.3% in October, up from 1.7% in September, exceeding market expectations and the Bank of England’s inflation target of 2%. This suggests that monetary policy may remain tight for a longer period. As for leading stocks, shares of software company Sage Group rose by 17% after reporting operating profits that exceeded expectations for the year ending in the third quarter, along with forecasts for continued profit margin improvement next year. On the downside, shares of French gaming company FDJ led losses with a drop of about 5.5%, after Crédit Agricole Insurance revealed plans to sell 2.2% of the capital of the French gaming company.