Tech rebound and US–India trade deal lift global market sentiment

Global markets today are being driven by a sharp rebound in risk appetite, powered by strong technology-sector momentum and a major geopolitical trade breakthrough, while commodities and bond markets adjust to the new backdrop. The primary driver is a powerful rally in technology shares after Palantir reported much stronger-than-expected earnings and raised its forward guidance. This has lifted broader equity sentiment, with the tech-heavy NASDAQ 100 jumping and investors becoming more comfortable taking risk again. Even though Palantir is a single company, its results are being treated as a signal that demand for data, AI, and software remains resilient, supporting the wider tech sector and, by extension, global equity benchmarks. Sentiment is further supported by a landmark trade agreement between the United States and India. The U.S. has agreed to roll back punitive tariffs to 18% in exchange for India halting purchases of Russian oil. This reduces trade and geopolitical friction between two major economies, lowers the risk of an escalating tariff war, and improves visibility for global supply chains. For markets, this is seen as a positive step for global growth and international trade flows, which can benefit equities worldwide, particularly in export-oriented and emerging markets. At the same time, precious metals such as gold and silver are rebounding as dip buyers return after recent declines. This move suggests that, while risk appetite in equities is improving, investors are still maintaining some exposure to perceived safe-haven and inflation-hedge assets. The broader bond market is also in focus: the 10-year U.S. Treasury yield is around 4.29%, with yields moving higher across the curve. Rising yields can cap some of the upside for equities, especially in rate-sensitive sectors, but today the positive news on technology earnings and trade appears to be outweighing these concerns. Overall, the combination of strong tech-led risk-on sentiment, easing trade tensions between the U.S. and India, and a measured bid for commodities is creating a broadly bullish tone for global stocks today, even as investors keep an eye on higher interest rates and delayed U.S. labor data due to the partial government shutdown.