European stocks will open higher Tuesday due to investors from the region appearing to have brushed aside volatility on global markets during the week and worries over Ukraine.

The U.K. FTSEindex opens 21 points higher at 7.328. Germany’s DAX 79 points higher at 15,127, France’s CAC 40 up 35 points at 6,842 and Italy’s FTSE MIBAccording to data from IG, 26137 saw an increase of 267 points

European stocks have seen a rise in open after their Monday tumble, which was due to Wall Street’s wild volatility. The U.S. Federal Reserve will provide an update on the situation, and investors are still focused on tensions in Ukraine and Russia.

The Federal Open Market Committee starts its two-day meeting on Tuesday at which it will decide on the next steps for U.S. monetary policy. A decision on the interest rate is scheduled for Wednesday, at 2:05 p.m. ET.

The U.S. central banks are concerned about rising inflation. investors will listen closely to hear how worried the Fed actually is. Chairman Jerome Powell is due to brief the media after the FOMC releases its statement. While the Fed does not expect to raise rates immediately, it is likely to keep its current tightening policy in place as it battles high inflation for the first time in decades.

The markets are concerned about a possible military conflict between Russia and Ukraine, even though high-level negotiations to avoid such a situation are underway.

President Joe Biden spoke with European leaders Monday afternoonAs the security situation in Ukraine is rapidly worsening, the U.S. may consider deploying military personnel to the area.

In Asia-Pacific markets overnightAfter Wall Street’s volatile session, stocks in Japan and Hong Kong dropped by as high as 2% U.S. stocksHer shares had been sold in the earlier trading session on Monday, but mounted a dramatic comeback as investors stepped in to buy beaten-up tech shares. In early trading on Tuesday, U.S. stock futures dropped.

From where do you earn your earnings? EricssonData releases were made Tuesday, including Germany’s Ifo Business Climate data for January as well as U.K. business confidence figures from Confederation of British Industry.

— CNBC’s Weizhen Tan, Abigal Ng and Pippa Stevens contributed to this report.