Global Markets Surge on U.S.-China Trade Deal Hopes

Global stock markets rose and safe-haven assets retreated as easing trade tensions between the U.S. and China boosted investor confidence. Talks between top economic officials from both nations set the framework for a deal, lifting stocks in Asia and spreading optimism across Europe. Central bank meetings are also in focus.

Global stocks surged Monday amid signs of easing trade tensions between the U.S. and China. This uplift in investor confidence marked the beginning of a week heavily influenced by central bank meetings and key earnings reports.

The diplomatic groundwork for a potential trade agreement was laid during talks between top officials from both nations, with the leaders expected to finalize the details later in the week.

Asian stock indexes, including South Korea, Taiwan, and Japan, reached record highs, and the trend spread to European markets. With central banks poised to make significant policy announcements, markets remain focused on broader economic growth prospects.

(With inputs from agencies.)