Representatives from the world's largest economies described the weekend talks as productive, spurring optimism that a trade agreement between the two could be reached.

Stock futures traded higher after officials from the U.S. and China wrapped up their weekend trade talks, touting progress toward a deal. Contracts tied to the S&P 500 and Dow industrials were up around 1% Sunday evening in New York,

Wall Street stock futures jumped and the dollar firmed against safe haven peers on Monday as signs of progress in U.S.-China trade talks boosted hopes a global recession might be avoided, though details of any deal were still to come.