US markets are cheering positive signs from trade talks with China over the weekend

Market sentiment is getting a boost from US-China trade talks over the weekend in Switzerland.

Brendan McDermid/REUTERS

• Markets are up after US-China trade talks in Switzerland over the weekend.
• The S&P 500 is trading near levels seen before Trump released a slew of tariffs on "Liberation Day."
• Nomura analysts warn markets may be disappointed if US tariffs on Chinese goods remain high.

Markets are in a cheery mood after trade talks between the US and China...