Oil falls and EU stocks rise on Ukraine peace hopes, US Treasury yields up
New York (Reuters) – Oil prices fell and European stocks rose on Monday as investors weighed positive comments from ceasefire talks between Russia and Ukraine, while U.S. Treasury yields hit two-and-a-half year highs on expectations of a first U.S. rate hike.
U.S. stocks were mostly lower as investors remained cautious on the Ukraine conflict, with the market focus on this week’s Federal Reserve meeting.
Russian and Ukrainian officials gave their most upbeat assessments on Sunday of progress in their talks to end the conflict, with some delegates saying draft agreements could be reached within days.
