Global equity markets soared to fresh highs as momentum built around a tentative trade truce between the U.S. and China and expectations that the Federal Reserve may begin cutting interest rates. Investors interpreted diplomatic signals and dovish policy commentary as support for risk assets while rotating away from safe havens. Regional divergences appeared as Asia-Pacific equities outpaced global peers. Despite optimism, analysts caution higher geopolitical and inflation risks remain. Market watchers will focus on upcoming central-bank meetings and trade-policy announcements for confirming signals of sustained rally.