Global markets rose on tech deals, strong earnings, and U.S.-China trade easing.

Global markets rose on November 3, 2025, fueled by major tech deals, strong corporate earnings, and easing trade tensions between the U.S. and China. U.S. stock futures climbed as Microsoft and IREN announced a $9.7 billion cloud deal, boosting tech stocks, while Kenvue surged 19% on a $48.7 billion acquisition by Kimberly-Clark. The S&P 500 and Nasdaq futures gained, led by AI and infrastructure firms. Asian markets hit records, especially South Korea’s Kospi, driven by tech demand and a China-U.S. agreement on port fees. Oil prices dipped after OPEC+ delayed output hikes, and gold held near highs despite China reducing gold tax rebates. The U.S. government shutdown entered its second month, but third-quarter S&P 500 profits are projected to grow nearly 14%.