TJX Companies, parent of TJ Maxx and Marshalls, has lifted its full-year earnings forecast after posting better-than-expected results. The boost reflects a trend of budget-conscious consumers turning to discount retailers in an uncertain economy.

This week, pivotal reports on consumer and business confidence, along with crucial inflation data, are set to shape economic outlooks as trade talks unfold in London. The outcomes may significantly influence markets and the broader economy.

U.S. stock markets rallied as President Donald Trump’s decision to delay a 50% tariff on European Union goods ignited investor optimism, leading to significant gains across major indexes. The surge was further bolstered by a better-than-expected U.S. consumer confidence report.