Dow futures rose Monday, indicating stocks may be ready to pick up where they left off last week, with a renewed boost coming from signs of a thaw in U.S.-China relations.

What are markets doing?

Dow Jones Industrial Average futures jumped by 74 points, or 0.3%, to 24,899. Another win for the Dow would mark its eighth straight advance, the longest positive streak since one that ended Sept. 20, 2017.

Meanwhile, those for the S&P 500 rose 5.35 points, or 0.2%, to 2,735. Nasdaq-100 futures climbed 15.75 points, or 0.2%, to 6,975.75.

On Friday, the Dow tacked on 91.64 points, or 0.4%, to 24,831.17, making for a seventh straight positive session—its longest stretch of wins since a similar period that ended Nov. 8, 2017. The S&P 500 rose 0.2%, while the Nasdaq Composite Index dipped less than 0.1%.

Last week, the Dow rose 2.3%, the S&P 500 advanced 2.4%, and the Nasdaq climbed 2.7%.

What is driving the markets?

Some fresh optimism was injected into the market ahead of the trade talks tentatively scheduled for this week between the U.S. and China. President Donald Trump said in a tweet on Sunday that he was working with Chinese President Xi Jinping to keep struggling Chinese telecom giant ZTE in business.

The company was hit by sanctions roughly a month ago. The measures ban American companies from selling to it, but Trump tweeted that he has asked for a stay of that order, as ZTE said its survival is being threatened.

Optimism over corporate earnings and a pullback in bond yields and the dollar all contributed to gains last week. Rising interest rates can peel money away from stocks, and a stronger currency can be a headwind for companies with overseas businesses, making their products more costly.

No top-tier U.S. economic reports are on the calendar for Monday, but the rest of the week will be busy enough, with retail sales due Tuesday and indicators showing the state of the housing market coming as well.

Economic preview: Inflation pause lends helping hand to borrowers

What are strategists saying?

“Markets are hoping that the olive branch extended by President Trump to Chinese telecoms company ZTE…and other supportive tweets yesterday suggesting that the trade talks this week would ‘all work out’—are an indication that he is stepping back from his hard-line approach,” Rebecca O’Keeffe, head of investment at Interactive Investor, said in a note.

What stocks are in focus?

Xerox Corp. shares dropped 4% in premarket after the technology firm said it would abandon its merger deal with Fujifilm Holdings Corp. as it reached a settlement with two of its biggest shareholders.

Shares of Tesla Inc. rose 0.8%. Matthew Schwall, a senior executive who is the company’s main technical contact with U.S. safety regulators, has reportedly left for rival Waymo LLC. That comes after news Tesla’s top engineer overseeing auto development was taking a sabbatical.

Which Fed speakers are in the spotlight

Among Federal Reserve speakers in the spotlight Monday, Cleveland Fed President Loretta Mester in a speech at the Global Interdependence Center’s central banking series in Paris, France said the central bank may need to raise interest rates above 3%. She said the Fed may be looking at higher interest rates to achieve stable inflation and low unemployment goals.

St. Louis Fed President James Bullard is slated to speak about cryptocurrencies at the CoinDesk Consensus 2018 conference in New York at 9:40 a.m. Eastern.

What are other markets doing?

European stocks slipped as traders tracked developments in Italian politics.

Oil futures rose modestly, with West Texas Intermediate crude rising 0.1% to $70.78 a barrel.

The dollar was down for the fourth session in a row, while gold was modestly lower.