Global markets climbed after the United States and China agreed to a 90-day tariff reduction following weekend negotiations in Switzerland.
European stock indices opened higher on Monday, with France’s CAC 40 and Germany’s DAX both rising by more than 1%. US futures also advanced, and the Nasdaq Composite gained nearly 2% in early trading.
Officials characterized the talks as an important first step toward narrowing differences, while noting that detailed terms and next steps have not yet been released.
As investors shifted toward riskier assets, gold fell to its lowest level since May 5, reflecting reduced demand for safe-haven holdings amid the market rally.