Global markets soared to record highs on the prospect of a U.S.-China trade deal, despite no official agreement yet. U.S. and Chinese officials outlined a framework for Presidents Trump and Xi to finalize this week in South Korea, potentially easing tariffs and export controls. Stock markets in Japan, Taiwan, and South Korea hit record highs, with Nasdaq futures rising 1%. Investor enthusiasm is high, but uncertainty remains if the deal only postpones issues. Central bank meetings in Japan, Canada, Europe, and the U.S., including a likely Fed rate cut, will dominate market focus this week. German business sentiment data for October will also influence markets.

Read more at Yahoo Finance: Trade deal hope spurs risk rally