London stocks rose in early trade on Monday, with investors hopeful of a resolution to the Russia-Ukraine crisis.
At 0850 GMT, the FTSE 100 was up 0.7% at 7,564.24, after US President Biden agreed in principle to hold a summit with Russian president Putin over Ukraine.
Victoria Scholar, head of investment at Interactive Investor, said: “European markets are attempting to claw back from Friday’s declines when risk-off sentiment sent Wall Street lower with the tech-heavy Nasdaq sharply under pressure. Optimism towards a possible breakthrough between Russia and Ukraine have bolstered autos, construction, and travel & leisure at the open. The FTSE 100 is making gains but lagging behind the DAX in Germany which is outperforming in Europe.
Jarvis Investment Management Ltd offers a wide range of stockbroking and administration services and solutions. Their parent company, Jarvis Securities plc (LON:JIM) is listed on AIM.