The leaders of Thailand and Cambodia have agreed to an “unconditional cease-fire” set to go into effect at midnight following five days of deadly clashes over their disputed border, Malaysian Prime Minister Anwar Ibrahim said Monday.

Thai and Cambodian leaders are meeting in Malaysia in an urgent effort to resolve deadly border clashes that entered a fifth day despite mounting international calls for peace.

Market optimism was also boosted by signs the U.S. and China will extend their tariff truce, as Peter Devlin explains.