Hopes of an imminent cease-fire deal between Russia and Ukraine were dashed on Friday after President Donald Trump and Ukrainian President Volodymyr Zelenskyy argued in an Oval Office meeting.

The pair failed to sign a mineral rights deal, with Zelenskyy departing the US empty-handed to drum up support from European leaders over the weekend.

Ursula von der Leyen, the president of the European Commission, said on Sunday that a plan for a "massive surge" in defense spending for Ukraine was in the works.

Here's how markets are moving amid concerns the Russia-Ukraine conflict would likely drag on.

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