U.S. equities are on the rise
U.S. equities are on the rise, as risk appetites have been lifted by increased optimism that a near term U.S.-China trade deal will come to fruition. U.S. Commerce Secretary Ross reiterated Sunday that good progress was being made on a Phase One deal with China. Also, he suggested the U.S. may not need to impose auto tariffs on imported vehicles following "good conversations" with EU automakers. The Dow is up 0.5%, the S&P 500 has improved 0.5% and the NASDAQ is 0.6% higher in pre-market trading. The S&P 500 closed at a record high of 3,066.91 on Friday. In Europe, the Euro Stoxx has rallied 1.0%, the DAX has climbed 1.3% and the CAC 40 is 1.0% higher. The FTSE 100 has risen 1.0%. Better than expected Eurozone and U.K. data supported Europe's bourses. In Asia, China's CSI 300 has improved 0.7% and Hong Hong's Hang Seng is 1.7% in the green. Japan's markets were closed for a holiday.