Stock markets mostly rose Monday as traders geared up for an expected interest rate cut by the US Federal Reserve this week.

Sentiment was also boosted by news that the United States and China have reached a framework deal over their TikTok dispute, which the US side said will be finalized by President Donald Trump and Chinese leader Xi Jinping on Friday.

On Wall Street the S&P 500 and Nasdaq pushed to fresh records, while Europe's main markets ended mostly higher.

Equities have enjoyed a strong run-up over recent weeks as a string of data on jobs and inflation are seen as having provided the US central bank with enough leeway to resume its rate reductions.

Wednesday's policy decision would follow figures showing the labor market has continued to soften, while prices have not spiked as

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