European stocks pick up; risk appetite hurt by Ukraine fears, Fed hawkishness

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By Elizabeth Howcroft LONDON (Reuters) – European stocks opened higher on Tuesday, after a downbeat Asian session, with world stocks set for their biggest monthly drop since the pandemic hit markets in March 2020. The move is attributed to fears over tensions between Russia and the West and the prospect of monetary policy tightening. A build-up of Russian troops on Ukraine’s border has caused fears that Russia will invade. NATO said on Monday it was putting forcing on standby and reinforcing eastern Europe with more ships and fighter jets. The U.S. Federal Reserve begins its two-day meeting on…

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