European Markets Climb Ahead of Ukraine-Russia Talks

LONDON — European stocks rose Tuesday ahead of another round of talks between Ukraine and Russia.

The pan-European Stoxx 600 climbed 0.8%, with travel and leisure stocks contributing 1.9% to the lead as all sectors and major exchanges enter positive territory.

The higher open in Europe comes as investors in the region remain focused on developments in the Russian invasion of Ukraine. Personal talks between the two sides will continue this week, with delegations from both countries traveling to Turkey as talks resume on Tuesday.

Ukrainian officials said they would not open humanitarian corridors on Monday to allow the evacuation of civilians in the face of intelligence suggesting Russian forces are planning an attack on the evacuation routes.

Elsewhere, US stocks struggled to provide direction on Monday as investors took a lull after two straight weeks of gains. Traders await a series of key economic reports, while also closely monitoring the Federal Reserve’s planned rate hikes.

Data released this week in the US includes the Job Openings and Labor Turnover Survey on Tuesday, and ADP will also release its private payroll data ahead of Friday’s closely monitored monthly jobs report.

CNBC’s coverage of the Atlantic Council Global Energy Forum continues on Tuesday, and CNBC will host panels with key business leaders, including Regina Mayor, KPMG head of the global energy sector, Larry Fink, CEO of BlackRock, and Leo Simonovich, vice president and global head of Industrial Cyber ​​& Digital Security at Siemens Energy.

On Monday, the UAE’s energy minister told CNBC at the forum that Russia will always be part of OPEC+, even if governments shun Moscow because of the war in Ukraine.

The Bank of England will publish its latest Quarterly Bulletin on Tuesday. There are no large revenues.