Updated from 4:08 a.m. EST

NEW YORK (

TheStreet

) -- Asian stocks rose in light holiday trading Tuesday and European stocks were higherafter U.K. bank

Barclays

(BCS) - Get Report

posted fiscal-year profits that more than doubled from a year earlier.

The Nikkei 225 stock average in Tokyo ended with a gain of 0.2% to 10,034.25. Markets in Hong Kong and China were closed for Lunar New Year holidays.

The debt crisis in Greece remains foremost in the minds of global investors. The finance ministers of the full 27-nation European Union meet Tuesday and Greece is expected to be top of the agenda, the

Associated Press

reports. Investors are concerned that if Greece defaults on its debt it could spark a wider debt crisis across Europe, the

TheStreet Recommends

AP

notes.

In Europe, stocks in London and Frankfurt were up about 1%. Shares in Paris rose 0.7% as of 5:35 a.m.

Barclays

, the U.K.'s third-largest bank, reported full-year earnings of 9.39 billion pounds ($14.76) billion, higher than year-earlier earnings of 4.38 billion pounds and above analysts' estimates. Barclays' shares rose as much as 10% at one point Tuesday.

Premarket futures suggested stocks would open higher on Wall Street Tuesday. U.S. stock markets were closed Monday for Presidents' Day.

-- Reported by Joseph Woelfel in New York.

Follow TheStreet.com on

Twitter

and become a fan on

Facebook.