Global stocks hit a record high as hopes for a U.S.-China trade deal grow. Trump and Xi to decide on a deal framework this week. U.S. stocks surge, led by tech gains. Earnings from big tech companies like Microsoft and Apple expected. Dow rose 0.52%, S&P up 0.90%, Nasdaq up 1.48%.

Argentina’s Merval index jumps 17.80% after Milei’s party wins election. Dollar weakens against euro, yuan, and Australian dollar. Chinese yuan strengthens after PBOC sets midpoint rate higher. Major central bank meetings this week. Fed expected to cut rates by 25 basis points.

ECB and BOJ likely to hold rates steady. BOJ may debate rate hikes as recession fears ease. U.S. 10-year Treasury yield rises to 4.02%. Investors watching Fed rate decision closely. Market expects 96.7% chance of 25 basis point rate cut.

Read more at Yahoo Finance: Stocks hit record, dollar eases on US-China trade optimism