Global markets hit record highs, fueled by hopes of U.S. trade deals, anticipated European rate cuts, and strong tech sector performance.

Axar.az, citing Reuters, reports that the MSCI World Index is up 23% since April. The U.S. raised tariffs on steel and aluminum to 50%, pressuring trade partners to submit revised offers by July 9.

Tensions with China are escalating over rare earth export restrictions, raising concerns in the auto sector. Trump and Xi are expected to speak this week. Despite trade frictions, the U.S. economy shows resilience with rising job openings and tech-driven gains led by Nvidia and Broadcom.

European markets are strong ahead of an expected ECB rate cut. Canada may also cut rates today. South Korean stocks surged after a liberal election win, while Switzerland faces deflation risks, prompting expectations of a rate cut and possible currency intervention.

Key events include central bank decisions, U.S. economic data releases, and speeches by NATO and EU leaders.