World stocks hit new highs on Monday fueled by optimism around U.S.-China trade talks and Argentina’s markets surge following President Milei’s election victory. Amazon plans job cuts, Big Tech faces AI bubble, countdown to Fed cut, and ECB questions. Key market moves show stock highs, tech sector gains, and currency fluctuations. Investors await central bank meetings with Fed rate cut expected. Argentina’s peso leaps 10%, while U.S. yields rise and commodities fluctuate. Talks suggest U.S.-China trade deal may be near, but caution prevails given past failed agreements. China and the U.S. seem to have reached a preliminary trade deal, but skeptics warn of complacency. The rare earths issue looms large in trade negotiations, with both sides holding leverage. IMF meetings signal a new dangerous stage in U.S.-China relations. Markets climb ahead of Trump-Xi meeting, anticipating a ‘placeholder’ trade deal. Tomorrow’s market movers include South Korea GDP, German consumer confidence, U.S. consumer confidence, Treasury auctions, and earnings reports.

Read more at Yahoo Finance: US-China relief sparks world stock melt up