Stocks Reach New Highs on Trade Deal Optimism
Global stock markets surged to new highs following positive developments in U.S.-Japan and U.S.-Europe trade negotiations, with investor optimism supported by strong foreign demand for U.S. Treasuries and a calm bond market despite economic concerns. The market's resilience is attributed to increased foreign private sector purchases and potential regulatory changes, although some risks remain due to upcoming debt issuance and geopolitical uncertainties.