European stock markets consolidated at high levels on Tuesday

⑴ The Euro Stoxx 50 index and other indices hovered near flat on Tuesday, after two consecutive days of strong gains pushed major indices to record highs. ⑵ Investors are turning their attention to new corporate earnings reports. ⑶ BP shares fell 4% as the company suspended its stock buyback program and fourth-quarter profits were largely in line with expectations. ⑷ Barclays shares edged down 0.2%, despite reporting a 12% increase in annual profits and announcing a 1 billion stock buyback plan. ⑸ Allianz Group dropped 2.4%, Prosus NV fell 1.4%, and Zurich Insurance declined 1%. ⑹ Among gainers, AstraZeneca rose 2% due to strong quarterly results. ⑺ Kering Group surged over 8% as the company expects to return to growth this year. ⑻ Philips jumped 10% as its profits exceeded expectations and it anticipates improvements in sales and profitability. ⑼ Luxury stocks also climbed, with LVMH up 1.3%, Hermès up 2.9%, and L'Oréal up 0.9%.