India, May 12 -- European stocks may open higher on Monday as the U.S. and China both reported "substantial progress" after two days of talks in Switzerland aimed at de-escalating a trade war.
U.S. Treasury Secretary Scott Bessent described the discussions as "productive and constructive," while China's Vice Premier He Lifeng said the talks were "in-depth" and "candid".
The White House called it a "trade deal" without giving further details. More details are expected at a briefing later today.
Investors may also cheer easing geopolitical tensions following a ceasefire deal between India and Pakistan and ahead of "direct talks" to be held between Russia and Ukraine on May 15 in Turkey.
U.S. President Donald Trump's tour of the Middle Eas...