Stocks: Tuesday’s review

European stocks demonstrated today at the close of uncertain dynamics, as investors' attention was drawn to the talks in the U.S., where Democrats and Republicans are issues connected with the "budget cliff."

Stoxx Europe 600 index closed with a slight increase, reaching the mark with 276.24.

Elekta AB shares jumped 6% after the medical technology company reported sales growth in the second quarter by 22%.

The cost of TUI Travel PLC rose 3.4%, as the travel company reported a 40% increase in profit before tax for the year ended September 30.

FTSE 100 5,869.04 -2.20 -0.04% CAC 40 3,580.48 +13.89 +0.39% DAX 7,435.12 -0.09 0.00%

Southern European banks have also been on the rise: the shares of Banca Monte dei Paschi di Siena SpA gained 6.9%% and UniCredit SpA 2.5%.

At the same time, shares of Tullow Oil PLC collapsed by 5.8%, after the company, which is engaged in the research said the oil did not find commercial hydrocarbons in the well.

Also today, Deutsche Bank analysts said that according to their projections, the U.S. economy will grow by 2.5% in 2013,

Shares of BP PLC (BP) fell 1.4%, while Royal Dutch Shell PLC (RDSB) declined by 0.3%.

In France, the majority of stocks closed in the "plus»: Credit Agricole SA and Societe Generale SA gained 2%., While shares in Germany Deutsche Bank AG (DB) and Commerzbank AG rose by 1.5%.

The cost of Henkel AG & Co. KGaA has increased by 2.2% after Credit Suisse cut the rating of the company to the level of a "gap" from "neutral."

Infineon Technologies AG shares fell 3.8% after Goldman Sachs removed the firm from its recommended list of purchases.