Global stock markets hit a new record high for the first time since February, as signs of the strength of the US economy outweighed uncertainty surrounding trade negotiations.
The MSCI All Country World Index rose 0.2 percent to 887.73 points, surpassing the previous record of 887.72 points set in February.
The S&P 500 and STOXX Europe 600 are still trading more than 2 percent below their peaks reached earlier this year.
The rally follows a rebound from April's lows following US President Donald Trump's more lenient tone on tariffs. Hopes for a US-China trade truce also helped boost investor confidence, supported by recent economic data showing continued strength in the US labor market.
Ulrich Urban, head of multi-asset strategy and research at Berenberg, emphasized that optimism surrounding AI technologies after the earnings season contributed to positive sentiment, while a weaker US dollar supported global stocks.
Attention is expected to turn later this week to US jobs data for further confirmation of the continued strength of economic growth.
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