Global stocks spiked Monday as the world remains hopeful for trade talks between the U.S. and China.
Wall Street was closed Monday for Presidents Day, but France’s CAC 40 and the Stoxx Europe 600 both rose 0.1%.
The German DAX spiked 0.2% and Hong Kong’s Hang Seng went up 1.6%.
This comes just days after the U.S. announced trade negotiations would resume with Chinese officials in Washington D.C. this week.
President Trump confirmed last week the ongoing talks were going well and remains hopeful an agreement can be reached.
The president mentioned the current deadline of March 1 could be extended.
Originally, if the U.S. and China did not reach an agreement by March 1, the U.S. was expected to impose additional tariffs on $200 billion worth of Chinese products.