<h1>Global stocks climb as president predicts U.S.-China trade deal; tech awaits earnings and Fed rate cut</h1> U.S. markets and Asian equities rose after the U.S. president, on an Asian tour, said he expects a trade agreement with China following meetings and preliminary accords with multiple Asian governments; major tech firms and chipmakers awaited earnings and a likely Federal Reserve quarter-point rate cut. The report notes ongoing negotiation frameworks aimed at reducing bilateral trade friction and mentions proposed concessions such as automotive purchases by a trading partner. Separately, recent sanctions on Russian oil affected energy prices. Economic growth forecasts for the Pacific region were revised downward, attributed in part to trade restrictions and higher tariffs.