By mid-morning, the Stoxx 600 had gained 1.2 percent, with cars leading the way with a 3 percent rise, as all sectors and major bourses traded in the green.
Individual stock price movements showed that Germany’s Delivery Hero rose more than 9% to lead the European blue-chip index, while Finland’s state-owned energy business Fortum sank 3.8 percent.
Investors in the region were focused on developments in Russia’s invasion of Ukraine, resulting in increases across Europe. Face-to-face talks between the two parties are expected to begin this week, with teams from both countries arriving in Turkey on Tuesday as talks resumed.
In light of data suggesting Russian forces may be plotting an attack on the evacuation routes, Ukrainian officials stated they will not open any humanitarian corridors Monday to allow civilians to flee.
The TINA (there is no alternative) approach to equities may be in play, according to James Athey, senior investment manager at Abrdn. With bond markets particularly agitated at the moment and stocks around the world grinding higher despite ongoing uncertainty about Ukraine and inflation, the TINA (there is no alternative) approach to equities may be in play.
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