Hopes of Russia-Ukraine solution emerge

LONDON — European markets advanced on Monday as hopes emerged for a diplomatic solution to Russia-Ukraine tensions.

The pan-European Stoxx 600 index added 0.6% in early trade, with banks climbing 1.1% to lead gains as all sectors and major bourses entered positive territory.

U.S. President Joe Biden has accepted “in principle” a meeting with Russian President Vladimir Putin, paving the way for…