Global equities rose on Monday as investors watched the next steps in US-China trade negotiations.
After a rally in Asia, where the Hang Seng in Hong Kong increased by 1.6%, the Stoxx Europe 600 increased by 0.1%.
US markets were closed for Presidents Day holidays. Dow Jones Industrial Average futures rose 0.1%. The Dow had a weekly rise for the eighth consecutive week last week, the longest winning streak since November 2017.
Tensions between the world's two largest economies have impacted stock prices in recent months as concerns have risen The tariff spatula could already lead to a weakening picture of global growth.
Officials from both countries hold talks in Washington this week following talks in Beijing. President Trump tweeted on Sunday that "great progress has been made on so many different levels!"
"The market has been worried about Chinese tariffs, but Trump wants a deal, and many fears are generally exaggerated," said Patrick Spencer, vice chairman of equities at Baird.
Other analysts were more cautious as there is still a big difference between the concessions that China is willing to offer and what the Trump government will accept. Sharp divisions continue over how Beijing can tackle US complaints of pushing US-backed US companies to share technology. Morgan Stanley's assassination strategist wrote to customers in a statement.
Investors also looked forward to a busy week of Central Bank news. Minutes from the recent meetings of the Federal Reserve and the European Central Bank should be released. The cautious signals from the Fed and the ECB in recent weeks have helped equity prices recover from a slowdown last year.
"The Fed's more patient terminology has been quite accommodating to the markets so far," said Spencer.
The Fed will release the minutes of its political session from January 29 to January 30, and the ECB will release its January minutes on Thursday.
The memos are looking for clues to the depth of shifts their respective prospects, "analysts
wrote in a note to customers.
In currencies, the WSJ Dollar Index, which tracks the dollar against a basket of 16 currencies, dropped 0.1%.
In the UK, the pound rose as a group of British lawmakers broke the largest opposition party Labor Party from the British opposition party, a move that shows how Brexit has uncovered cracks in the British political system. The group is all in favor of UK membership in the EU, although its development is considered unlikely to change the prospects for Brexit.
The pound sterling rose 0.3% against the dollar.
In Asia, the Japanese Nikkei recorded an increase of 1.8%, while the Kospi index of South Korea rose by 0.7%.
In commodities, the price of Brent crude remained largely unchanged, while the price of gold rose by 0.5%.
Contact Georgi Kantchev at email@example.com