Stocks Surge as U.S.-China Trade Tensions Ease

Global shares reached an intraday record high on Tuesday, buoyed by signs of easing trade tensions between the U.S. and China. Investors eagerly awaited the Federal Reserve's policy decisions while digesting significant corporate earnings.

The Federal Reserve is expected to announce a rate cut after commencing its policy meeting on Wednesday, following moves by the central banks of Japan, Canada, and Europe. Anticipation of lower interest rates and improved trade conditions have sparked investor risk appetite, propelling stocks higher and stabilizing U.S. Treasury yields.

U.S. stocks soared, notably the Dow, with gains driven by technological giants like Microsoft. The earnings season continued to impress, with most S&P 500 companies surpassing analyst expectations. Eyes are now on upcoming corporate reports from tech behemoths to justify current high valuations.