LONDON – European markets rose on Monday as hopes grew for a diplomatic solution to tensions between Russia and Ukraine.

european bread Stoxx 600. Index It added 0.6% in early trade, with banks up 1.1% to lead gains with all major sectors and stocks entering positive territory.

our president Joe Biden she has The meeting accepted “in principle” with the president of Russia Russian president vladimir putinpaved the way for a last-ditch diplomatic effort to prevent Russia’s invasion of Ukraine.

If Moscow does not launch an invasion in the coming days, the summit will take place after a scheduled meeting between US Secretary of State Anthony Blinken and Russian Foreign Minister Sergei Lavrov later this week, White House press secretary Jen Psaki said late Sunday.

Asia Pacific Stocks It was mixed on Monday as investors continued to monitor the situation around Ukraine, while China left its benchmark interest rate unchanged. Markets in the United States were closed on Monday for the President’s Day holiday, after falling sharply on Friday as global markets were rocked by rising tensions in Eastern Europe.

In company news, swiss credit On Sunday, he said he “strongly rejects” the allegations, which were released after a coordinated global media investigation into the massive leaks of customer data over the past decades. The leaked information allegedly contained human rights violators and businessmen who were subject to sanctions.

The Swiss lender said the information published by the Organized Crime and Corruption Reporting Project and 46 other news organizations was based on “partial, inaccurate or selective information taken out of context.”

United Kingdom Stock Oxford nanoporous technology It was up 5.7% in early trading above the Stoxx 600, while technology investment firm Prosus fell 3.5% after Tencent’s losses on fears of a regulatory crackdown in China.

On the data front, preliminary PMI readings for February from France, Germany and the eurozone, along with the UK, will be released on Monday morning.

Subscribe and CNBC PRO For exclusive insights, analysis and scheduling live action days from around the world.