In a dramatic turn of events, global markets surged on Monday following U.S. President Donald Trump's announcement that crucial electronics, including computer chips, smartphones, and laptops, will not be subjected to new U.S. import tariffs. This unexpected move provided a significant boost to tech stocks across the board.

European markets lit up in early trading: Germany's DAX skyrocketed by 2.4%, reaching 20,857.54, the French CAC 40 climbed by 2%, landing at 7,245.28, and the UK's FTSE 100 saw a solid increase of 1.8%, closing at 8,104.83.

In the U.S., futures for the S&P 500 climbed by 1.2%, while the Dow Jones Industrial Average rose by 0.9%. Meanwhile, Asian markets enjoyed robust growth too; Japan's Nikkei 225 soared by 1.2% to 33,982.36, and South Korea's Kospi reported a gain of 1%, reaching 2,455.89.

Technology giants capitalized on the tariff news. Shares of Tokyo Electron increased by 1.4%, and Advantest, known for its testing equipment, jumped an impressive 4.9%. Samsung Electronics, South Korea's tech behemoth, followed suit with a 1.8% gain.

Hong Kong's Hang Seng index bounced by 2.4% to 21,417.40, and the Shanghai Composite index also saw a boost of 0.8%, climbing to 3,262.81, driven by a staggering 12.4% surge in China's exports from the previous year.

Trump's decision came as a response to China’s recent tariff increases, which soared to 125% on a variety of U.S. goods. The Chinese Ministry of Commerce viewed Trump's exemption as a small step towards rectifying the escalating trade tensions, urging for a complete withdrawal of tariffs.

Despite the optimistic market response, tensions remain high. Australia's S&P/ASX 200 grew by 1.3%, closing at 7,748.60, while Taiwan’s Taiex experienced a slight dip of 0.1%, impacted by Trump’s impending chip tariffs announcement, feared to affect its export-reliant economy.

The ongoing friction between the world's economic giants continues to loom large, with experts warning that it could lead to a global recession.

Meanwhile, in the U.S., pressures eased slightly on the bond market, with the yield on 10-year Treasury notes trading around 4.44%, a significant decrease from last week’s peak of 4.58%. However, investor anxiety remains palpable as they worry about Trump's unpredictable tariff strategies affecting U.S. economic stability.

Inflation reports remained positive, but worries persist about increasing prices as tariffs ripple through the economy, potentially complicating Federal Reserve monetary policies.

The weekend concluded with solid earnings reports from major U.S. banks, including JPMorgan Chase and Morgan Stanley, which performed better than analysts anticipated. These results helped smooth out volatility, contributing to Friday's S&P 500 gains of 1.8%.

As we move forward, U.S. benchmark crude oil prices saw a rebound, increasing to $62.13 per barrel, with Brent crude following suit at $65.38. The dollar experienced slight fluctuations against the yen and euro, while gold prices, traditionally a safe haven during times of uncertainty, edged down about $9 early Monday.