U.S. stock futures and Chinese markets rose on Wednesday, as investors cheered news of a meeting between top U.S. and Chinese trade officials as a chance to tone down the tariffs, while China cut interest rates and vowed to support stock markets.

China said it is evaluating U.S. officials’ willingness to negotiate trade talks, giving a spark of hope for de-escalating the trade war between the world’s largest two economies.

Chinese stocks rose as the central bank cut interest rates to support the economy, and as senior officials agreed to hold trade talks with the US later this week.