Bitcoin, Nasdaq futures and Asian equities climbed on Monday as China’s stronger-than-forecast economic growth and a pullback in oil prices boosted investor confidence across global markets.

The positive start followed a turbulent week for stocks, particularly technology companies tied to artificial intelligence. Falling energy prices and encouraging economic data from China helped lift sentiment toward risk assets.

Bitcoin traded near $83,000 during early European trading, gaining 1% since midnight UTC and 1.60% over the previous 24 hours. Nasdaq futures rose more than 1%, while Japan’s Nikkei advanced 1.8% and South Korea’s Kospi increased 0.6%. Chinese stocks also edged up 0.3%.

Gold showed little movement at around $4,180, while the U.S. Dollar Index remained below 102, near Friday’s lows.

China’s gross domestic product expanded 4.5% year over year in the third quarter, according to data released Monday by the National Bureau of Statistics. The figure marked an acceleration from the 4.3% growth recorded in the second quarter. Retail sales provided another positive signal, increasing 1.1% against forecasts for a 0.5% rise and improving from the previous month’s 0.4% growth.

China’s importance as the world’s second-largest economy, a major manufacturing center and a leading importer of industrial commodities means its economic performance can influence markets worldwide. Stronger growth figures often encourage investors to increase their holdings of risk-sensitive assets, including cryptocurrencies and stocks.

The recovery also fits a historical pattern in which the CBOE Volatility Index (VIX) tends to ease after sharp Friday surges. Lower volatility has frequently coincided with greater stability in equity markets.

Oil prices fell across U.S. and European markets, surrendering part of last week’s gains. Reuters linked the decline to expectations that a waiver issued by President Donald Trump concerning Russia would increase oil supply. However, continuing geopolitical tensions in the Middle East remain a potential risk for energy markets.

Sustained lower oil prices could reduce inflation concerns and create more room for the Federal Reserve to consider monetary easing. At the time of writing, markets expected the Fed to hold its benchmark interest rate between 4.75% and 5% this month, following a 25-basis-point increase last month.