(Reuters) -European shares rose on Monday, as investors welcomed signs of progress in U.S.-China trade talks aimed at cooling a trade war between the world's two largest economies and dispelling some of the uncertainty clouding financial markets.

The United States and China are set to provide details on Monday of the “substantial progress” made during talks in Switzerland over the weekend aimed at cooling trade tensions ignited by US President Donald Trump’s sweeping tariffs.

The White House has issued a statement saying the U.S. announced a China trade deal after the conclusion of talks between the U.S. and Chinese delegations in Switzerland on Sunday. But it wasn't immediately clear whether a deal had actually materialized.