Global equities rebounded on Monday after Trump softened his stance on US-China trade war, but gold hit record highs due to lingering uncertainty. Trump threatened 100% tariffs on China on Friday, prompting a sell-off. However, on Sunday, he appeared more conciliatory, leading to a market rally. Wall Street saw gains with Dow rising 1.06%, S&P 1.31%, and Nasdaq 1.78%. MSCI’s global stocks gauge rose 0.74%. Gold surged to $4,097.57 an ounce. In Europe, STOXX 600 rose 0.33%, while the dollar index rose 0.26%. Oil prices rose on potential US-China talks. The week ahead includes major US banks’ earnings reports.

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