Stocks mostly rose on Monday as investors welcomed the absence of further trade war escalation over the weekend and as countries seek to temper US President Donald Trump's tariffs.

Investors were also keeping tabs on China after President Xi Jinping and other top leaders last week discussed plans to boost consumption in the world's number two economy.

Markets started Monday on a tepid note after a much-needed positive run-up last week, with eyes on the upcoming earnings season and key economic data.

"A weekend light on drama was just what the doctor ordered for financial markets," said AJ Bell investment director Russ Mould.

Analysts said that market sentiment has calmed since Trump dialled down pressure on Federal Reserve boss Jerome Powell and hinted at progress in trade talks with economic partners.

"This week will be the first for........

© International Business Times