Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today

The mere prospect of a U.S.-China trade deal is enough to send global markets higher.

On Monday stateside, the S&P 500 , Dow Jones Industrial Average and Nasdaq Composite closed at record highs, as did Japan's Nikkei 225 and South Korea's Kospi during Asian trading hours . European stocks rose too, but the Stoxx 600 was just an inch away from its all-time high.

And that's before an agreement has been signed officially.

"A lot of the forecasts for technology have been without the benefit of China, so once you can add China back into the equation, that would probably be fairly optimistic for the markets," Sam Stovall, chief investment strateg

See Full Page