European Stocks Open Higher Boosted By US-China Deal To Cut Tariffs
European stock markets started the new trading week on a positive note following the White House's announcement that the US and China have agreed to cut tariffs.
The Stoxx Europe 600 rose 1.1% in early trading on Monday. The UK's FTSE 100 opened about 0.6% higher, Germany's DAX gained 1.6% and France's CAC 40 gained 1.3%.
The day was quiet for data and corporate releases, although Unicredit released its latest earnings on Monday.
US Treasury Secretary Scott Bessent said on Monday that talks with China had been "very productive."
The agreement to suspend most tariffs for 90 days represents a thaw in trade tensions between the world's two largest economies.
US stock futures jumped late Sunday and Asia-Pacific markets rose on the back of comments from the White House on Sunday that a "trade deal" with China had been reached.
Nasdaq futures pointed to a 3.6% gain, with S&P 500 futures up 2.8% and the Dow rising nearly 1,000 points, or 2.3%. (Newsmaker23)
Source: CNBC
