US markets surged to record highs on Monday with the Dow gaining 337 points, the S&P 500 jumping to 6,875, and the Nasdaq climbing 1.86% to 23,637, driven by optimism around a potential US-China trade deal ahead of Thursday's Trump-Xi summit in South Korea. Asian markets followed suit, with Japan's Nikkei breaking above 50,000 for the first time, while Gift Nifty at 26,062 signals a modestly positive opening for Indian markets today. Indian ADRs showed mixed performance with banks gaining but IT stocks slipping, while FIIs have turned net buyers this October, pumping in over ₹6,480 crore after three months of selling. With today being the monthly F&O expiry, traders should expect heightened volatility—Nifty faces resistance at 26,000 with support at 25,900, while Bank Nifty has resistance at 58,224 and support at 58,000. The week ahead is packed with catalysts including the Fed's rate decision (98% probability of a 25 bps cut), Magnificent Seven earnings (Alphabet, Microsoft, Meta on Wednesday; Apple and Amazon on Thursday), and the crucial Trump-Xi meeting, making it a potentially pivotal period for markets through year-end.