US-China trade talks in London held markets' attention on Monday, with Asian stocks rising, Wall Street mixed and Europe dipping.
The London negotiations, following on from a first round in Geneva last month, aim to quell renewed tariff tensions between Washington and Beijing.
New York's Dow and S&P 500 indices were lower, while the tech-heavy Nasdaq rose slightly in early trading.
Asian shares closed up on hopes of a deal, and catching up with Wall Street from Friday, when US jobs data suggested the American economy was doing well, for now.
The dollar, however, was largely unmoved, with persistent fears of higher US inflation in the pipeline from Trump's generalised tariffs weighing on it.
London, Paris and Frankfurt indices were all lower.
While the US economy was showing resilienc