European stocks pushed higher Monday, with the week getting under way with tensions surrounding North Korea cooling, but Ryanair Holdings PLC underperformed the broader market as the company canceled hundreds of flights. The Stoxx Europe 600 index SXXP, +0.33% picked up 0.3% to close at 381.95. On Friday, the pan-European benchmark slipped 0.3%, but finished last week up by 1.4%.

U.S. stock benchmarks climbed on Monday, with the S&P 500 index and the Dow industrials closing at all-time highs for a second straight session, ahead of the start of a key gathering of the Federal Reserve. However, technology stocks lagged behind, limiting gains for the Nasdaq Composite Index.

Japan was a bright spot in global markets Tuesday, coming off a holiday a day earlier, as stocks elsewhere in the Asia-Pacific region were muted. Investors are looking ahead to meetings later this week for the Bank of Japan and Federal Reserve. Rate changes aren't expected in either case, though the Fed is expected to detail plans on how it will trim its mammoth balance sheet.