Global stocks rise with yuan on optimism for US-China trade deal

Signs of progress between Beijing and Washington are helping revitalize a rally in global equities that showed signs of stalling last week

Stocks advanced in Europe and Asia while the Yuan strengthened after the US and China were said to be close to a trade deal that may end American tariffs in return for Chinese concessions. S&P 500 futures climbed, while the dollar fluctuated and Treasuries held steady.

Gains in miners and media companies led the Stoxx Europe 600 Index to five-month high. Earlier in Asia, Chinese and Japanese stocks saw the biggest advances, though several markets pared increases as the session progressed. The mooted trade deal would require Beijing to follow through on pledges ranging from better protecting intellectual-property rights to buying