Wall Street climbed to fresh record highs, with the S&P 500 and NASDAQ lifted by renewed trade optimism. Nike shares surged on signs of progress in US–Vietnam trade talks, while Tesla shares rose despite a 14% drop in vehicle deliveries. Meanwhile, energy stocks gained ground as oil prices rebounded, and miners found support from encouraging Chinese economic data. In contrast, UK markets experienced a sharp sell-off reminiscent of 2022, driven by renewed concerns over the country's fiscal outlook. Back home, Aussie shares are expected to ease from record highs on Thursday.

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