European stocks broke a three-day losing streak Monday amid cautious optimism that Johnson's Brexit deal will gain approval from U.K. parliament this week. House of Commons Speaker John Bercow refused to allow a vote on the deal Monday after opposition lawmakers forced a delay in ratifying the deal until the necessary legislation had been passed.
Members of Parliament on Tuesday begin a three-day debate in which opponents of Johnson's exit plan will attempt to pass amendments on customs, a possible second confirmatory referendum, and the prevention of a no-deal exit. Asia Pacific markets climbed on Tuesday following overnight gains on Wall Street, likely prompted by comments from U.S. President Donald Trump's chief economic adviser Larry Kudlow, who told Fox Business Monday that there is a possibility for planned tariff hikes on Chinese goods in December to be halted if trade talks advance.
Chinese Vice Foreign Minister Le Yucheng said on Tuesday that progress was being made in talks between the world's two largest economies, adding that resolutions to their trade dispute could be found if mutual respect was maintained.