— European stocks were on the upswing Monday, as Russia indicated it will work to ease tensions with Ukraine.
The Stoxx Europe 600 XX:SXXP +1.35% climbed 1.2% to 328.91, cutting into last week’s 2.1% slide.
Gains overnight in Asia and on Wall Street on Friday set the tone for European trade following reports that Russia was ending military drills on Ukraine’s border.
Russia’s conflict with Ukraine has been a source of pressure for European equities recently, particularly as Western countries issued trading restrictions against Russia as they worked to force Russia to stop aiding pro-Russian separatists in Ukraine.
