Asian Markets Rise and Oil Prices Fall Amid Ceasefire Developments

Global stocks continued their rally driven by AI-related optimism, with Asian markets led by tech firms and US benchmarks reaching new highs, while investors focus on earnings amid geopolitical developments and economic data. Gold retreated slightly from record highs, and currency markets saw the dollar and yen fluctuate amid speculation of intervention. China’s reopening after Golden Week showed cautious consumer spending, contrasting with enthusiasm for AI tech stocks. Major geopolitical news includes a potential breakthrough in Israel-Hamas negotiations and US export approvals for Nvidia chips, amidst ongoing tensions over rare earths.