Stock markets mostly rose Monday as traders geared up for an expected interest rate cut by the US Federal Reserve this week.

Sentiment was also boosted by news that the United States and China have reached a framework for a deal over their TikTok dispute, which the US side said will be finalised by President Donald Trump and Chinese leader Xi Jinping on Friday.

Equities have enjoyed a strong run-up over recent weeks as a string of data on jobs and inflation are seen as having provided the US central bank with enough leeway to resume its rate reductions.

Wednesday’s policy decision follows figures showing the labour market continuing to soften, while prices have not spiked as much as feared in the wake of Trump’s tariff war.

The Fed is expected to lower borrowing costs by 25 basis point

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