A Cambodian government official has praised U.S. President Donald Trump for "bringing about peace" after Thailand and Cambodia agreed to a cease-fire starting at midnight local time on Monday.

Thai and Cambodian leaders are meeting in Malaysia in an urgent effort to resolve deadly border clashes that entered a fifth day despite mounting international calls for peace.

Market optimism was also boosted by signs the U.S. and China will extend their tariff truce, as Peter Devlin explains.