The benchmark S&P 500’s advance added to a 3.4 percent surge on Friday, when strong U.S. jobs data eased worries over the economy and remarks by the Federal Reserve head calmed investors nervous that interest rate hikes would crimp growth. China has the “good faith” to work with the United States to resolve trade frictions, China’s Foreign Ministry said, while U.S. Commerce Secretary Wilbur Ross said he saw “a very good chance that we will get a reasonable settlement” as the two countries started their first face-to-face talks since a 90-day truce was agreed in December. “The main thing is the administration’s implied progress on talks with China.
