"Global Markets Surge as Nikkei Rises and S&P 500 Hits Record High"

Stock futures in Europe and the US are on the rise, following the S&P 500's record-high close on Friday, driven by optimism over expected Federal Reserve interest-rate cuts and the artificial-intelligence boom. Chinese stocks, however, experienced losses due to concerns about the nation's faltering recovery. Additionally, oil prices fell as Libya restarted output at its largest field, and the dollar weakened against most of its peers. This week, investors will focus on the Bank of Japan's policy meeting, US fourth-quarter GDP estimate, and central bank meetings for Canada and Europe, among other key events.