The United States and China are set to announce details about progress made on a trade deal after officials from the world’s two largest economies engaged in a weekend of marathon negotiations in Geneva,

Global markets were lifted after the US and China substantially reduced tariffs imposed as part of a trade war between the world’s two largest economies.

European shares rose on Monday, as investors welcomed signs of progress in U.S.-China trade talks aimed at cooling a trade war between the world's two largest economies and dispelling some of the uncertainty clouding financial markets.