Stocks climbed in the United States on Monday after President Trump ratcheted down the tension with China, calling President Xi Jinping a “great leader” and indicating that Chinese officials had reached out to resume talks to settle the trade dispute that has unnerved investors.

The gains were small, however, and followed a tumultuous stretch in which both Washington and Beijing had seemed to escalate the tension.

European markets started Monday lower, but moved into positive territory after President Trump said that he had received a call from China requesting to restart trade talks. That followed comments earlier in the day by a senior Chinese trade official who expressed Beijing’s willingness to talk further.

In Asia, where trading ended before Monday’s de-escalation, markets suffered steep losses, reflecting the trade turbulence earlier in the weekend.