Global Stock Surge Amid U.S.-China Trade Deal Hopes

Global stocks surged to new intraday records on Monday, buoyed by growing optimism over a potential trade agreement between the United States and China. The dollar eased, reflecting a shift in investor sentiment as they awaited crucial central bank policy announcements and earnings reports from top-tier companies.

Details emerged on Sunday that U.S. and Chinese economic officials had established a framework for a trade deal, set for final discussions between President Donald Trump and Chinese President Xi Jinping in South Korea on Thursday. This anticipated deal is expected to halt increased U.S. tariffs and Chinese export controls on rare earths, providing reassurance to investors concerned about the ongoing economic tensions between the two countries.

Wall Street responded positively, with all major indices setting fresh records, led by a technology stock rally, notably a 12% rise in Qualcomm shares following the launch of new AI chips. Investors are also looking ahead to earnings reports from major technology firms and central bank meetings, including a likely interest rate cut by the Federal Reserve, all of which could further influence market trends this week.