Global stock markets mostly rose Monday as a fresh major AI deal fuelled a rally in the tech sector.

Investors began November on the front foot after an upbeat end to October that saw easing China-US tensions, a cut to US interest rates and healthy earnings from market darlings including technology giant Amazon.

"Tech and AI remain a huge theme for investors as we move into the final months of the year," said Kathleen Brooks, research director at trading group XTB.

Last week's positive momentum carried into the new week, with fresh news driving AI stocks higher.

Wall Street rose, with the tech-heavy Nasdaq Composite adding one percent.

Shares in Amazon jumped 4.9 percent after ChatGPT-maker OpenAI signed a $38 billion deal with Amazon's AWS cloud computing arm.

The deal will give Ope

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