Asian shares, European and U.S. stock futures rose on Monday after the United States shelved plans to impose tariffs on Mexico and as global investors hoped for lower U.S. interest rates on the back of lackluster jobs data.
The Mexican peso rallied more than 2% on Monday.
But in China, the yuan slipped to its weakest this year after the country’s imports fell the most in nearly three years and as talks to end the Sino-U.S. dispute remained deadlocked.
In the stock market, European futures pointed to a higher open.
In Asia, Tokyo’s Nikkei gained 1%, while MSCI’s index of Asia-Pacific shares outside Japan rose as much as 1%, led by strong gains in Hong Kong and Indonesia.
Gold slipped almost 1%, having hit a 14-month high of $1,348.1 per ounce on Friday, near a major resistance around $1,350.
Oil prices extended gains. Brent futures rose almost 0.4% to $63.51 per barrel while U.S. crude futures gained 0.4% to $54.22.