Global Markets Soar Amid Cooling Trade Tensions and Tech Gains

Global shares soared to an intraday record as trade tensions between the U.S. and China showed signs of easing, boosting technology shares. Investors are now keenly awaiting the Federal Reserve's policy decision amid corporate earnings releases.

Market appetite for risk has been fueled by the expected interest rate cut by the Federal Reserve, further enhanced by the de-escalating trade tensions. Meanwhile, a shortage of economic data due to the U.S. government shutdown left investors turning to private sources to assess economic conditions.

U.S. stock indexes rallied, with the Dow Jones, the S&P 500, and the Nasdaq closing on record highs. Buoyed by strong tech sector performances, the market momentum is propelled by optimism over President Trump's upcoming meeting with China's Xi Jinping, which could potentially lead to eased tariffs.