Stocks rose across the globe and Treasury yields slipped, as the continued fall in oil prices encouraged a broader shift to risk-on sentiment.

The artificial-intelligence trade showed renewed strength, with AI-linked stocks pushing Nasdaq futures up more than 1%. Futures for the Dow Jones Industrial Average added 0.9%, while S&P 500 futures added 0.7%. Asia and Europe indexes were also higher.

Shares in Warner Bros. Discovery and Paramount Skydance both jumped by more than 7% and 6% premarket, respectively, as hopes increased that their mooted merger will complete. Accenture shares rose more than 4% premarket after the software group signed an AI safety deal with Anthropic.

In Asian equity markets, the South Korean Kospi added 1.65% as chip maker Samsung Electronics jumped 5%. Japan's Nikkei 225 rose 1.4%, while Shanghai's SSE composite was up 1%. In Europe, the continent-wide Stoxx 600 rose 1.2% as banks and large-cap technology companies gained. ASML, the continent's most valuable company, added 2.85%.

Signs that tankers are transiting the Strait of Hormuz and renewed diplomatic efforts have encouraged oil traders. In an interview with Fox News on Sunday, President Trump indicated he would be open to meeting Iranian President Masoud Pezeshkian at the United Nations General Assembly this week. Houthi rebels continued to threaten Saudi Arabian supply, with the Iran-backed group targeting Red Sea export routes. Brent crude oil contracts dropped by more than 2% to hover around $101 a barrel, while West Texas Intermediate fell below $98 a barrel. Meanwhile, U.S. diesel prices rose to an all-time high of $6.51 a gallon, according to the American Automobile Association.

Treasurys strengthened Monday despite a hawkish intervention from Federal Reserve Bank of Chicago President Austan Goolsbee. The Fed policymaker told an event in London that the path to the central bank's inflation target will likely necessitate painful tradeoffs.

Treasury yields remained elevated, but were below highs hit at the end of last week. Two-year Treasury yields slipped 3.6 basis points to 4.716%, while 10-year yields fell 4.5 basis points to 4.952%. Yields on 30-year Treasurys fell 3.4 basis points to 5.291%.

Bullish market sentiment helped cryptocurrencies, with bitcoin briefly topping $85,000 for the first time since January before falling back to around $84,800. The dollar continued to strengthen after its boost last week from the Fed's rate hike. Gold pared losses to trade around $4,400 a troy ounce.

Geopolitics will dominate the week as world leaders meet in New York for the U.N. General Assembly. A summit between President Trump and Chinese leader Xi Jinping on Thursday will be the focus of market attention. Discussions on AI and broader trade between the superpowers are expected.

On the macro front, attention will shift to next week's jobs report, though interventions from Fed policymakers will be watched this week.