The first direct negotiations in two weeks have lifted sentiment for investors.
That saw European stocks climb to five-week highs on Tuesday (March 29) morning, after similar gains for Asia and Wall Street earlier.
The pan-European STOXX 600 index was up around 1.2% in early trade.
All main sectors gained, with carmakers and banks among the best performers.
The STOXX is now on course to end March with modest gains - its first month in the black this year.
But worries abound, and not just about Ukraine.
Soaring inflation has businesses and households concerned, and looks likely to crimp economic growth.
New figures out Tuesday showed consumer morale crumbling in France and Germany.
Shares in shipping giant Maersk were among the few losers.
They dropped over 2% after the firm said a new lockdown in Shanghai would mean new hit to transport costs.
And Barclays shares also tumbled, down as much as 6%, after news that one of its major investors was offloading a huge stake.
