BANGKOK — Asian shares surged Monday while European markets were little changed after U.S. President Donald Trump said he expected to reach a trade agreement with China.

Germany's DAX gained 0.2% to 24,279.53 and the CAC 40 in Paris slipped 0.1% to 8,218.42. Britain's FTSE 100 also shed 0.1%, to 9,640.12.

The future for the S&P 500 jumped 0.9% while that for the Dow Jones Industrial Average was up 0.6%.

Work on trade deals that might alleviate friction between the U.S., China and other major trading partners has reassured investors, especially in Asia.

Japan's benchmark Nikkei 225 gained 2.5% to 50,512.32, a new closing high following news that the world’s two largest economies had reached an initial consensus for Trump and Chinese leader Xi Jinping to finalize during a high-stakes mee

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