Global Stocks Rally Amid Earnings Season and Trade Optimism
Global equities advanced as Wall Street entered its second week of Q3 earnings, with U.S. futures signaling gains across major indices. The Dow Jones Industrial Average ROSE 84 points (0.2%), while the S&P 500 and Nasdaq 100 climbed 0.2% and 0.3%, respectively. Market participants await key inflation data and corporate earnings reports later this week.
Trade tensions eased after President TRUMP exempted dozens of products from reciprocal tariffs and hinted at further reductions. "The 100% tariff on Chinese goods wouldn’t be sustainable," he remarked, fueling speculation of a broader de-escalation. European markets mirrored the upbeat sentiment, with the Stoxx 600 banking index surging 1.6% as lenders like Banco Sabadell and BPER Banca led gains.
