London (CNN Business) 1. Trade and stocks: US President Donald Trump has boosted stock markets around the world by announcing that he'll delay a major hike in tariffs on Chinese goods to allow more time to reach a trade deal with Beijing.

Trump said Sunday on Twitter that trade negotiators had made "substantial progress." China's state news agency Xinhua said that the Chinese delegation had reported "substantial progress on specific issues."

"Was the postponement a big surprise? Not really, but it's news the market wants to hear," said Societe Generale currency strategist Kit Juckes.

Trump said he will meet Chinese President Xi Jinping "to conclude an agreement" if the talks continue to advance.