Global Markets Soar on Tech Stocks & U.S.-China Talks; Dollar Strengthens Amid Economic Data

Global equity indexes rose driven by strong demand for tech stocks. U.S.-China summit talks and economic data bolstered the dollar, which climbed for a fourth day. Oil prices increased amid Iran tensions, and political uncertainty weakened Britain's sterling. U.S. fiscal policy uncertainty lingers despite strong consumer spending data.

Global equity indexes experienced a lift on Thursday as technology stocks saw significant gains. Meanwhile, the dollar strengthened following economic data reports and anticipation of a key U.S.-China summit outcome.

Bonds showed activity as the 10-year Treasury yields slightly decreased, while oil prices surged amidst geopolitical tensions involving Iran. Political uncertainty led to a decline in Britain's pound, contrasting the dollar's continuous four-day rally buoyed by economic expectations.

In Beijing, President Xi Jinping cautioned President Donald Trump about potential risks surrounding the Taiwan issue during their two-day summit. Meanwhile, U.S. technology shares, especially in the chip sector, saw notable increases, contributing to record highs in several stock indexes.