Stocks in Europe are rising, as Ted Baker rejects takeover bids.

European stock markets rose on Monday as investors kept a close eye on developments in the Ukraine-Russia conflict, with peace negotiations due to take place in Turkey this week.

The DAX in Germany was up 1.3 percent at 3:35 a.m. ET (0735 GMT), the CAC 40 in France was up 0.9 percent, and the FTSE 100 in the United Kingdom was up 0.4 percent.

Ukrainian and Russian negotiators will meet in Turkey later Monday to begin a new round of in-person peace negotiations, with hopes that the two sides' stances will become more aligned.

In a video message to his people on Sunday, Ukrainian President Volodymyr Zelensky said that his administration will prioritize Ukraine's "territorial integrity," but optimism is growing that a peace agreement might include a compromise on the status of the eastern Donbas area.

The conflict in Ukraine is now in its second month, and Russia has failed to conquer any major Ukrainian city, putting it at danger of being pushed into guerilla warfare, which Moscow would want to avoid given the challenges it has had in Afghanistan.

Ted Baker's (LON:TED) shares dropped 4.6 percent after the fashion retailer turned down unsolicited non-binding purchase approaches from private equity company Sycamore Partners Management.

The shares of Heineken (OTC:HEINY) (AS:HEIN) plummeted 1% as the Dutch brewing giant said that it has chosen to abandon its business in Russia, after earlier announcing that it would suspend fresh investments and exports.

The shares of Orsted (OTC:DNNGY) (CSE:ORSTED) declined 1% after the Danish power provider agreed to sell half of the Hornsea 2 project in the United Kingdom to a French consortium for 3 billion pounds ($3.94 billion). Hornsea 2 will be the world's largest offshore wind farm.