The U.S. markets are now open for business. The Nasdaq (+1.47%) and S&P 500 (+0.91%) set new records at the open, briefly climbing to 8,532.62 and 23,546.16, respectively. Meanwhile, the Dow (+0.66%) jumped 310 points to 47,517.13.

We start in Beijing, where China’s Communist party leadership has called for “extraordinary measures” to achieve “decisive breakthroughs” in semiconductors and other technologies.

Welcome to the Daily News Brief, CFR’s flagship morning newsletter summarizing the top global news and analysis of the day. Subscribe to the Daily News Brief to receive it every weekday morning.Top

The Nifty 50 and Sensex closed higher on Monday, fueled by optimism from US Federal Reserve rate cut expectations and trade discussions. Reliance Industries and SBI Life Insurance were notable gainers,

Investing.com --The S&P 500 closed at another record high Tuesday, as rising optimism for a U.S.-China trade deal and expectations for the Federal Reserve to deliver a rate cut after its meeting concludes on Wednesday continued to spur bullish sentiment on Wall Street.

After closing at more than $31 last Monday, shares of rare earth stock USA Rare Earth ( USAR 9.80%) closed lower on each subsequent day of the week. And the trend doesn't seem likely to reverse its trajectory today with optimism rising over the weekend that the United States and China would reach an agreement regarding China's rare earth exports.

China has announced a new holiday called the Commemoration Day of Taiwan's Restoration, as part of its claims over the self-ruled island.

Trade and investment was the primary focus of the discussions in the bilateral meeting between Prime Minister Datuk Seri Anwar Ibrahim and Chinese Premier Li Qiang.

OnePlus announced its new OnePlus 15 flagship phone for China today, giving us all an early look at a device that is likely to launch here in the coming weeks or months. OnePlus has not yet said when this device could hit our shores,

Wall Street is in an upbeat mood as it gears up for a pivotal week featuring the Federal Reserve’s expected interest rate cut and a barrage of Big Tech earnings, as well as Trump's visit to Asia.