Major stock indexes experienced significant gains on Monday, driven by anticipation of upcoming quarterly results from prominent U.S. companies and a slight decrease in U.S. Treasury yields ahead of trade discussions with China. Gold prices saw a substantial rise of over 2%, fueled by expectations of further U.S. interest rate cuts and persistent safe-haven demand. Investors are also closely watching the ongoing U.S. federal government shutdown, now in its 20th day, which has disrupted the release of key economic reports, though the September U.S. Consumer Price Index is slated for release on Friday.

The second week of the U.S. quarterly reporting season is underway, with key earnings expected from companies like Tesla, IBM, Netflix, Procter & Gamble, and Coca-Cola. On Wall Street, the Dow Jones Industrial Average increased by 1.19% to 46,741.93, the S&P 500 climbed 1.15% to 6,740.90, and the Nasdaq Composite jumped 1.49% to 23,018.06, with technology leading gains within the S&P 500. Analysts suggest that tightening credit conditions, partly due to regional bank earnings, might moderate market exuberance.

Globally, MSCI's world stock index advanced by 1.25% to 996.17. European stocks closed higher, with the STOXX 600 index up 1.03%, as concerns over U.S. banking sector stability subsided. Japan's Nikkei reached a record high, surging 2.8%, following a coalition deal that paves the way for a pro-stimulus prime minister.

Regarding U.S. trade, U.S. Treasury Secretary Scott Bessent is expected to meet with Chinese Vice Premier He Lifeng in Malaysia to discuss tariffs. President Trump also confirmed a meeting with Chinese President Xi Jinping in South Korea. U.S. 10-year Treasury note yields fell to 3.986%, and the dollar saw minimal movement against major currencies. The market is pricing in a lower probability of a Bank of Japan rate hike, while the Federal Reserve is widely anticipated to cut rates by a quarter-point next month and again in December. The dollar index edged up by 0.03% to 98.56.

Spot gold prices surged by 2.7% to $4,363.34 an ounce. Meanwhile, oil prices settled at their lowest point since early May, with Brent crude futures down 0.46% to $61.01 a barrel and U.S. West Texas Intermediate futures down 0.03% to $57.52, amid concerns about a potential supply glut.