A look at the day ahead in European and global markets from Ankur Banerjee The mere prospect of a U.S.-China trade deal which looks more like a truce extension was enough to send stocks to record highs, weigh on gold prices and push up commodities including copper ahead of an action-packed week. First things first: There is no agreed deal yet; perhaps just a concept of a deal, and that is what has sparked a risk-on rally on Monday which is set to continue in Europe. U.S. and Chinese officials on Sunday hashed out the framework of a trade deal for U.S. President Donald Trump and Chinese President Xi Jinping to decide on later this week when they meet in South Korea. An agreement could pause steep U.S. tariffs on Chinese goods as well as stringent Chinese rare earths export controls, calming

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