Global Stocks Hit Records; U.S. Dollar Pressured on U.S.–China Trade Optimism

Global equity markets rose to new highs on optimism over a potential trade deal between the U.S. and China, while the U.S. dollar weakened in response.

Key details:

All three major U.S. indexes — the Dow, S&P 500, and Nasdaq — posted fresh intraday record highs.

The dollar index fell to 98.89 as the yuan strengthened and global investors grew less inclined toward safe-haven positioning.

Markets anticipate that the Federal Reserve will cut rates by 25 bps, with a high probability of action this week (~96.7%).

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