· Stocks rose on Monday after President Donald Trump said he would delay placing additional tariffs on Chinese goods. Equities also got a boost from dealmaking activity.
The Dow Jones Industrial Average jumped as much as 209.61 points before closing 60.14 points higher, at 26,091.95 led by gains in Caterpillar and DowDuPont. The S&P 500 gained 0.1 percent to 2,796.11 as the materials and tech sectors outperformed. The Nasdaq Composite climbed 0.36 percent to close at 7,554.46. The major indexes fell towards the lows of the day in the final minutes of trading.
Trump said in a series of tweets the U.S. would not add more tariffs on imports from China at the start of March. He cited "substantial progress" in bilateral talks between the world's two largest economies, including intellectual property protection and technology transfer issues. However, he did not state a new deadline.
· Chinese stocks rallied on Trump's tweets overnight. The Shanghai Composite surged 5.6 percent, posting its biggest one-day gain since July 9, 2015.
"As long as China and the U.S. are talking, the market will think something will get done," said Michael Cuggino, president at Permanent Portfolio Funds. "That's a good thing."
· European stocks moved higher Monday as investors monitored the ongoing China-U.S. trade talks.
The pan-European Stoxx 600 finished provisionally up 0.29 percent by the mid-afternoon. Autos were the clear top-leading sector, up more than 2.1 percent, as trade talks between the U.S. and China take center stage. The sector is highly influenced by developments in global trade.
· Stocks in Asia mostly rose Tuesday morning as investors cheered developments on the U.S.-China trade front after a closely watched deadline in early March was postponed.
Japan's Nikkei 225 rose 0.25 percent while the Topix advanced 0.1 percent in early trade. Shares of Japanese conglomerate Softbank Group gained around 0.7 percent.
In South Korea, the Kospi added 0.11 percent even as shares of industry heavyweight Samsung Electronics slipped more than 0.4 percent.
Reference: CNBC