US-China trade talks progress, boosting global stocks despite pharmaceutical declines and geopolitical shifts.

U.S.-China trade talks showed progress over the weekend, leading to a surge in stock markets globally. Tariffs are set to be reduced, though specific details are pending. This news boosted European and Asian markets, with tech stocks seeing particular gains. However, pharmaceutical stocks fell after Trump promised to lower prescription drug costs. The US dollar also strengthened against other currencies. Geopolitical tensions, including a ceasefire between India and Pakistan and potential talks between Ukraine and Russia, further improved market sentiment.