Hopes are emerging for a solution to Russia and Ukraine

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

pan europe Stoxx 600 . Index It added 0.6% in early trade, with banks up 1.1% to lead the gains with all major sectors and stock exchanges entering positive territory.

our president Joe Biden she has The meeting accepted “in principle” with the Russian President Russian President Vladimir Putinpaving the way for a final diplomatic effort to avert a Russian invasion of Ukraine.

If Moscow does not launch an invasion in the coming days, the summit will take place following 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 Sunday night.

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

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In corporate news, Credit Suisse On Sunday, it said it “strongly rejects” the allegations, which were published after a coordinated global media investigation into the mass leaking of its customers’ data over the past decades. The leaked information allegedly contained human rights violators and sanctioned businessmen.

The Swiss lender said the information released 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”.

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Britain shares Oxford Nanopore Technologies It rose 5.7% in early trading to lead the Stoxx 600, while tech investment firm Prosus tumbled 3.5% after Tencent’s losses amid fears of more regulatory crackdowns in China.

On the data front, preliminary PMI (PMI) readings for February from France, Germany and the eurozone, along with the UK, are due out Monday morning.

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