European stocks opened higher Monday after the U.S. and China agreed a ‘phase one’ trade deal, though investors are likely to remain cautious with some details remaining unclear.

The pan-European Stoxx 600 climbed 0.5% at 412.02 in early trade, basic resources leading the way with 1% gains as all sectors and major bourses entered positive territory.

Washington and Beijing announced on Friday that an agreement had been reached pending legal procedures, a significant step forward after a bruising 18-month trade war.

Source : CNBC