L'Oréal will gain exclusive rights for product development and distribution for several luxury brands for 50 years as part of the deal, and a joint venture was created to explore opportunities at the intersection of luxury, wellness, and longevity.

Gold prices stabilized at around $4,257 per ounce, rising 0.2% on Monday as markets responded to more conciliatory comments on U.S.-China trade relations.

U.S. stock futures edged higher on Monday, buoyed by hopes for a de-escalation in trade tensions with China and optimism ahead of upcoming corporate earnings reports.

Apple's iPhone 17 series has seen a strong start, outperforming previous models by 14% within the first 10 days, with particularly robust sales in China where unit sales nearly doubled, and the device's success is supported by increased subsidies from major carriers.

Trade discussions between U.S. Treasury officials and Chinese counterparts are ongoing, with recent talks described as constructive, though tariffs remain a key policy tool in the negotiations.

The U.S. is considering the potential sustainability of proposed tariffs on China, with President Donald Trump indicating that tariffs might be unsustainable and confirming a forthcoming meeting with Chinese President Xi Jinping in South Korea, signaling a possible easing in trade tensions.

Futures for major U.S. indices like the Dow, S&P 500, and Nasdaq 100 rose approximately 0.4% to 0.6%, following a positive close at the end of last week.

The U.S. economy grew by 1.1% in the third quarter, bringing year-to-date growth to 5.2%, slightly below the previous quarter but still exceeding the government's 5% target.

China's economy expanded by 4.8% year-on-year in the third quarter, slightly above expectations but marking the slowest growth in a year amid ongoing trade tensions and disinflation.

In the luxury sector, Kering's shares rose over 4% in European trading, while L'Oréal's shares increased slightly following a strategic partnership that includes a €4 billion deal to acquire Creed's fragrance business, with the deal expected to close in the first half of 2026 pending regulatory approval.