Asian and Global Markets Surge Amid Substantial Trade Progress

Asian shares climbed on Monday as the U.S. and China reported 'substantial progress' in their ongoing trade talks, providing a boost to global markets. The positive sentiment was echoed across U.S. futures and oil prices, signaling a potentially brighter economic outlook.

Following military confrontations, India and Pakistan reached a truce, propelling India's Sensex to jump by 2.5%. In China, stock indexes showed gains, with prospects of joint economic consultations brightening the trade landscape even further.

Despite overall positive advancements, some companies experienced mixed fortunes. Expedia's stock fell as travel demand softened, while Lyft surged following robust quarterly profits. Such earnings reports continue to sway investor sentiment in a landscape marked by geopolitical uncertainties.

(With inputs from agencies.)