Both the STOXX 50 and the STOXX 600 hovered near the flatline on Tuesday following a strong two-day rally that pushed major indices to record highs, as investors turned their attention to fresh corporate updates. BP shares slid 4% after the company halted its share buyback and reported fourth-quarter profits broadly in line with expectations. Barclays edged 0.2% lower despite posting a 12% increase in annual profit and announcing a GBP 1 billion share buyback. Allianz fell 2.4%, Prosus NV lost 1.4%, and Zurich declined 1%. On the upside, AstraZeneca climbed 2% after delivering strong quarterly results. Kering surged more than 8% after saying it expects a return to growth this year. Philips jumped 10% after beating profit expectations and forecasting higher sales and profitability. Luxury names also advanced, with LVMH up 1.3%, Hermès gaining 2.9%, and L’Oréal rising 0.9%.
