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Stocks in Europe and Asia Rally, Buoyed by Revival of US China Trade Talks

Bill Ide

   BEIJING - Markets in Asia and Europe rallied in response to the results
   of the highly anticipated weekend meeting between China's Xi Jinping
   and President Donald Trump. Analysts say the meeting has helped ease
   tensions and revive trade talks between the world's two biggest
   economies, but reaching a deal is still a prospect that is fraught with
   uncertainty.

   Shares in Tokyo, China and Europe rose to a two-month high on Monday as
   state media in China welcomed the results, which they argued put the
   focus back on dialogue and away from threats and counter-threats.

   Collision averted

   On Saturday, President Trump offered concessions, agreeing to not push
   ahead with additional tariffs that would've covered $300 billion more
   in Chinese goods, a move that was triggering a backlash from companies
   at home. He also offered to ease some restrictions on the sale of U.S.-
   made components to China tech company Huawei.
   

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