Europe's extends gains to 2-month highs as US-China resume trade talks

European shares rose on Monday morning in the first session of the week, extending gains for a second consecutive session, the highest level in two months, as investors' risk appetite rose for high-yielding assets after the United States and China agreed to resume trade talks.

As of 11:17 GMT, Stoxx Europe 600 rose more than 0.8%, its highest level since early May, as it ended Friday's session up by 0.7%, the first gain in the last six sessions, after the rise of the banking sector Technology.

The index rose on Monday morning in the first session of the week, continuing its gains for the second session in a row, hitting its highest level in two months, with most of Europe's main stock exchanges and sectors in the Green Zone.

The technology sector led the list of gainers in Europe, rising by more than 1.9%, hitting its highest level in a year after the US government studied easing restrictions on Huawei.

After a meeting on the sidelines of the G20 summit on Saturday, US President Donald Trump and his Chinese counterpart, Xi Jinping, stressed that they will not impose any new tariffs on Chinese or American goods at the moment.

The world's two largest economies agreed to resume trade talks, especially after the US president made some concessions, including a reversal of new tariffs and the easing of restrictions on Huawei.

S&P 500 futures rose by more than 0.3%, hitting a new high ahead of the opening of the official trading session on Wall Street, as the index ended on Friday up by 0.6%, in the second daily gain, respectively.

The Euro Stoxx 50 index rose more than 0.8%, while in France, the CAC 40 index rose 0.75%. with Germany's DAX rising by 1.2%, while in London, the FTSE 100 added about 1.3% to top the gainers list in Europe.