Brazil's leader Luiz Inácio Lula da Silva expressed confidence on Monday that his country and the United States will reach a trade deal. U.S. President Donald Trump also signaled that a deal is likely.

The statements came a day after the two presidents held talks on the sidelines of a regional summit in Kuala Lumpur, Malaysia's capital, which Lula described as a "very good meeting."

President Donald Trump said on Saturday that he plans to hike tariffs on imports of Canadian goods by an extra 10% because of an anti-tariff television ad aired by the province of Ontario.

The ad used the words of former President Ronald Reagan to criticize U.S. tariffs, angering Trump who said he would end trade talks with Canada. Ontario Premier Doug Ford said he would pull the ad after the weekend, and it ran Friday and Saturday during the first two games of the World Series.

A trade deal between the United States and China is drawing closer, officials from the world's two largest economies said Sunday as they reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting.

Any agreement would be a relief to international markets even if it does not address underlying issues involving manufacturing imbalances and access to state-of-the-art computer chips.

Wall Street is poised to add to last week's records when markets open Monday after President Donald Trump said he expected to reach a trade agreement with China.

Futures for the S&P 500 jumped 0.9% while futures for the Dow Jones Industrial Average gained 0.5%. Nasdaq futures, boosted by chipmakers, were up 1.3%. Nvidia was up 2.5% while Micron jumped 4.1%.

Spain's top criminal court said Friday it had opened an investigation for alleged complicity in crimes against humanity or genocide into executives at the steelmaker Sidenor for trading with an Israeli arms company.

Spain, one of the fiercest critics of the Israeli offensive in Gaza, said it had stopped exchanging weapons with the country after the conflict started with the October 7, 2023 Hamas attack on Israel.

U.S. inflation remained elevated last month as gas prices jumped while the cost of rents and some services cooled, painting a mixed picture of the expenses consumers are facing in a murky economy where growth appears steady but hiring slow.

Consumer prices increased 3% in September from a year earlier, the Labor Department said Friday, the highest since January and up from 2.9% in August. Excluding the volatile food and energy categories, core prices also rose 3%, down from 3.1% in the previous month.

On the streets of Istanbul, porters hauling massive sacks wrapped in white plastic — on their backs or in handcarts — are a ubiquitous yet often overlooked part of the city's fabric.

President Donald Trump said late Thursday that he was ending "all trade negotiations" with Canada because of a television ad opposing U.S. tariffs that he said misstated the facts and called "egregious behavior" aimed at influencing U.S. court decisions.

The post on Trump's social media site came after Canadian Prime Minister Mark Carney said he aims to double his country's exports to countries outside the U.S. because of the threat posed by Trump's tariffs. Trump's call for an abrupt end to negotiations could further inflame trade tensions that already have been building between the two neighboring countries for months.

Russia's central bank on Friday cut its key interest rate to 16.5 percent and said growth had slowed to almost zero as the economy sags under the cost of the Ukraine offensive and Western sanctions.

Russia's economy "continues to return to a balanced growth path," the bank said in a statement, reversing course from two years of rapid expansion fueled by military spending. It said inflation would remain high for longer than previously expected and GDP growth would be lower.

Prime Minister Mark Carney set a goal for Canada to double its non-U.S. exports in the next decade, saying American tariffs are causing a chill in investment.

Carney, who will release his government's budget on Nov. 4, said Wednesday many of Canada's former strengths — based on close ties to America — have become vulnerabilities.