European stock markets closed higher Monday following the White House's announcement that the U.S. and China had agreed to slash tariffs.
The Stoxx 600 closed up by 1.1% provisionally, with mining stocks rallying nearly 5% to lead the gains. The U.K.'s FTSE 100 was 0.6% higher as France's CAC 40 moved up 1.4% and Germany's DAX climbed 0.2%.
U.S. Treasury Secretary Scott Bessent said on Monday that talks with China had been "very productive."
The agreement to suspend most tariffs for 90 days shows a thawing of trade tensions between the world's two largest economies.
U.S. stocks opened sharply higher and Asia-Pacific markets rose as a result of comments from the White House on Sunday that a "trade deal" with China had been reached.
Source : CNBC
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