Global stocks experienced a significant rally as hopes for a US-China trade deal buoyed investor sentiment. Wall Street reached record highs, with the S&P 500 and Nasdaq leading the charge. Market participants are closely monitoring ongoing trade talks between President Trump and Chinese President Xi Jinping, fueling optimism after the announcement of a potential ceasefire in the trade war. Alongside trade developments, anticipation builds for upcoming Federal Reserve rate decisions and robust earnings reports, particularly from tech giants. This positive momentum was reflected in surging stock indexes, with markets showing resilience amid trade uncertainties and inflation concerns.