"Earnings Excitement Sparks Relief Rally in Stock Markets"

Major U.S. indexes rallied on Monday as investors grew optimistic about strong earnings reports. Asian markets also traded higher, led by South Korean indexes. Former head of FTSE Russell, Mark Makepeace, predicts China's economic growth will return next year despite current challenges. If Republican Rep. Jim Jordan becomes speaker of the U.S. House, tech giants like Google, Apple, and Amazon may benefit as he opposes using antitrust regulations to break up companies. U.S. President Joe Biden will visit Israel to address the Israel-Hamas conflict and work on establishing safe passage for humanitarian aid to Gaza. Rising oil prices could boost non-energy European stocks. The Russell 2000 had its best day since July, indicating a potential broadening of the market.