Asian stocks opened higher Monday with the US and China set to resume trade negotiations, while positive jobs data in the world’s largest economy eased recession fears.Equities in Japan and and South Korea opened higher while contracts for the S&P 500 index were flat after the gauge closed at its highest since February. Yields on 10-year Treasuries were steady at 4.51%, after surging Friday. The yen was slightly stronger against the dollar.Trade tensions appeared to recede between President Donald Trump and China’s Xi Jinping as an impasse on critical minerals was broken, paving the way for further trade talks. Adding to the optimism in the stock market was the surprise in labor data. While US job growth moderated in May and prior months were revised lower, Friday’s report narrowly exceeded forecasts.“Trade policy will remain the big macro uncertainty,” Kyle Rodda, a senior market analyst at Capital.com, wrote in a note Monday about the US-China negotiations. “Signs of further momentum in talks could give the markets fresh boost to kick-off the week.”Oil Steady After Weekly Gain With US-China Trade Talks In FocusStock markets have rebounded following a tumultuous two-month period, with the S&P 500 gaining for the fifth week in seven. Asian and European equity benchmarks have risen seven times in the past eight weeks.Meanwhile, the US and Chinese negotiators are set to open their second round of trade talks Monday in London, the first since Trump and Xi finally broke a logjam. That’s offering a glimmer of hope that the world’s two largest economies can defuse tensions over Chinese dominance in rare-earth minerals.Both sides had accused the other of reneging on a deal reached in May in Geneva, where they tried to start dialing back the trade war. Ahead of the talks, China granted approval to some applications for the export of rare earths. Boeing Co. has also begun shipping commericla jets to China for the first time since early April, indicating a reopening of trade flows.Later this week, attention will turn to the sale of government bonds in the US. The Treasury is set to sell $22 billion of 30-year bonds on Thursday, part of its regularly scheduled borrowings. This comes after global investor pushback against long-term government debt. Investors will also be watching US inflation print this week.On Friday, nonfarm payrolls increased 139,000 last month after a combined 95,000 in downward revisions to the prior two months. The unemployment rate held at 4.2%, while wage growth accelerated.The payrolls figure helped alleviate concerns of a rapid deterioration in labor demand as companies contend with higher costs related to tariffs and prospects of slower economic activity.In other trade news, a US trade team that’s currently in India for negotiations has extended its stay, according to people familiar with the matter. That’s a sign talks are progressing ahead of a July deadline.Stock Market Today: All You Need To Know Going Into Trade On June 9Some of the main moves in markets:StocksS&P 500 futures were little changed as of 9:09 a.m. Tokyo timeJapan’s Topix rose 0.7%Euro Stoxx 50 futures rose 0.3%CurrenciesThe Bloomberg Dollar Spot Index was little changedThe euro was little changed at $1.1404The Japanese yen rose 0.1% to 144.66 per dollarThe offshore yuan was little changed at 7.1879 per dollarCryptocurrenciesBitcoin fell 0.4% to $105,768.36Ether fell 0.9% to $2,508.42BondsThe yield on 10-year Treasuries was little changed at 4.51%Japan’s 10-year yield declined 1.5 basis points to 1.450%CommoditiesWest Texas Intermediate crude was little changedSpot gold was little changedThis story was produced with the assistance of Bloomberg Automation.Stock Market Live: GIFT Nifty Implies Positive Open; M&M, Hyundai, Hindustan Zinc In Focus. Read more on Markets by NDTV Profit.