Global markets rallied as trade optimism, expectations of Fed rate cuts, and upcoming earnings reports from major tech companies boosted sentiment. On October 27, U.S. stocks opened at fresh all-time highs, while European and Asian markets also advanced. Treasury yields climbed, the dollar held steady, and commodities like soybeans and copper rose, while gold, silver, and oil declined. Cryptocurrencies gained, with Ethereum leading the charge.

**Key Market Movements:**

**U.S. Stocks:** The Nasdaq rose 1.46%, the Dow gained 0.6%, and the S&P 500 climbed 0.9%, all hitting record levels. Tech stocks like Micron and Nvidia rose about 2%, while Chinese stocks, including Baidu, surged 6%. Rare earth stocks fell, with USA Rare Earth dropping 10%.

**European Stocks:** The Euro Stoxx 50 rose 0.2%, Germany’s DAX gained 0.4%, and France’s CAC 40 edged up 0.1%. The UK’s FTSE 100 opened flat.

**Asian Stocks:** Japan’s Nikkei 225 jumped 2.5%, closing at 50,512.32, while the Topix rose 1.7%. South Korea’s KOSPI climbed 2.6%, with Samsung Electronics hitting a record high. Australia’s ASX 200 gained 0.7%.

**Bonds & Currencies:** The 10-year U.S. Treasury yield rose 4 basis points to 4.04%, its highest in over a week. The offshore yuan strengthened 0.1%, while the yen weakened slightly to 153.05 per dollar.

**Commodities:** Chicago soybeans rose 1%, and U.S. copper futures surged over 2%. Gold plunged more than 2% to $4,028.96/oz, silver fell nearly 2%, and Brent crude dropped 1% to $64.51/barrel.

**Cryptocurrencies:** Bitcoin rose 3.34% to $115,522, while Ethereum soared 5.84% to $4,191.16.

**Trade Talks Progress:** The U.S. and China held discussions in Kuala Lumpur, covering tariffs, agricultural trade, and export controls. Both sides agreed to finalize details and proceed with domestic approvals.

**Analyst Views:** Ulrich Urbahn of Bloomberg noted trade developments could heighten market volatility as investors weigh central bank policies and earnings. Sean Keane of JB Drax Honore cautioned optimism, calling it a "de-escalation rather than a new dawn."

**Upcoming Focus:** Central bank decisions from the Fed, ECB, and BOJ, along with earnings from tech giants like Apple and Microsoft, will test market resilience. Pepperstone’s Michael Brown highlighted the need for supportive earnings and policy to sustain the rally.