Investors buoyed by the Trump administration's slight retreat on imposing tariffs on its primary trading partners lifted US equity futures in Monday's premarket.

Dow Jones Industrial Average futures rose 0.7%, S&P 500 futures increased 1.0%, and Nasdaq futures were up 1.2%.

Trump on Sunday said in social media posts and comments to reporters that he would eventually reimpose tariffs on electronics imported from China that he paused for 90 days on Friday, but that he would show a measure of pragmatism.

"You have to show a certain flexibility," Trump reportedly told reporters aboard Air Force One. "Nobody should be so rigid."

Oil prices advanced early Monday, with front-month global benchmarks up 1.3% at $65.61 per barrel and US West Texas Intermediate up 1.4% at $62.33 per barrel.

Among the few items on the calendar, Federal Reserve policymakers Thomas Barkin and Raphael Bostic are scheduled to speak at separate events later in the day.

Among world markets, Japan's Nikkei closed 1.2% higher, Hong Kong's Hang Seng gained 2.4%, and China's Shanghai Composite finished 0.8% higher. In Europe, the UK's FTSE 100 was up 1.8%, and Germany's DAX index was 2.6% higher in Europe's early afternoon session.

Among pre-bell winners were tech stocks Apple (AAPL), which advanced around 6.3%, Nvidia (NVDA), which gained 3.4%, and Palantir (PLTR), which was up more than 6%.

Among losers, zinc mining company Nexa Resources (NEXA) shares fell more than 30% after analysts reduced their price targets on the stock.