· U.S. stock futures surged on Sunday night after the U.S. and China agreed to hold off on slapping additional tariffs on their products in an effort to resume trade talks.

As of 10:06 p.m. ET Sunday, Dow Jones Industrial Average futures traded 199 points higher, implying a gain of 194.04 points at Monday’s open. S&P 500 and Nasdaq 100 futures also pointed to gains.

· European markets surged at Monday’s open after U.S. President Donald Trump and Chinese President Xi Jinping agreed to hold off on additional tariffs in a bid to reignite trade talks.

The pan-European Stoxx 600 jumped 1.1% at the start of the session, technology and stocks rising 2.3% to lead gains as all sectors traded firmly in positive territory.

· Stocks rallied and bonds retreated in Asia on Monday as the United States and China agreed to restart trade talks, leading investors to pare wagers on aggressive policy easing by the major central banks.

The United States and China agreed on Saturday to resume trade negotiations after President Donald Trump offered concessions to his Chinese counterpart Xi Jinping when the two met at the sidelines of the G20summit in Japan.

The initial reaction was one of relief that at least new tariffs were avoided and Japan's Nikkei .N225 climbed 2.1% to a two-month top. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.5%.

· Japan’s Nikkei jumped over 2% to near two-month highs on Monday as risk sentiment improved after the United States and China agreed to restart trade talks, while tech shares also got a lift on an easing of restrictions on Huawei.

The Nikkei share average ended up 2.1% at 21,729.97 points, its best closing level since May 7.

China agreed to make unspecified new purchases of U.S. farm products and return to the negotiating table, after a weekend meeting between U.S. President Donald Trump and Chinese President Xi Jinping.

But no deadline was set for progress on a deal, and the world’s two largest economies remain at odds over significant parts of an agreement.

“These are all positive news to the market,” said Shogo Maekawa, global market strategist at JPMorgan Asset Management. “The part about Huawei was particularly a positive surprise to the market.”

Trump said new tariffs were on hold and offered an olive branch to Xi on Huawei Technologies Co, the world’s biggest telecommunications network gear maker. Washington had put Huawei on an export blacklist citing national security issues, barring U.S. suppliers from selling to the company without special approval

· Chinese shares ended at their highest level in more than two months on Monday, propelled by hopes of an end to the U.S.-China trade war after the two countries agreed to restart negotiations and Washington said it would postpone further tariffs.

While there were no signs of progress on key sticking points in the trade dispute, the promise of more talks and concessions offered by U.S. President Donald Trump, including an easing of restrictions on tech company Huawei, lifted the benchmark Shanghai Composite index 2.22% to 3,044.90 points.

It was the highest close for the index since April 30.

Reference: CNBC, Reuters