(Reuters) -European shares hit a fresh intraday record high on Monday, building on last week’s gains, as signs of easing trade tensions between the United States and China boosted risk appetite.

The continent-wide STOXX 600 index edged up 0.1% to 576.37 points, as of 0808 GMT, after closing at a record high on Friday.

U.S. President Donald Trump said the U.S. and China are set to “come away with” a trade deal, as he is expected to meet his Chinese counterpart later this week in South Korea where the pair will decide on the framework of a trade deal hashed out over the weekend.

European mining stocks and tech sector added 1.1% each, while the utilities index lost 0.6%.

The U.S. Federal Reserve is widely expected to cut interest rates by a quarter percentage point at its meeting on Wedne

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