Asian shares
shrugged off early losses on Tuesday, as surging Chinese shares.
The cheer was expected to continue in Europe, where financial spreadbetters expected Britain's FTSE 100 .FTSE to open up by 12-13 points, or 0.2 percent higher.
Germany's DAX .GDAXI was seen opening up by 59 points, or 0.5 percent higher, while France's CAC 40 .FCHI was expected to open up by 18 points, or 0.4 percent higher.
"European equities are set to rally his morning off of the back of new highs in the Dow overnight," Jonathan Sudaria, a dealer at Capital Spreads, said in a note. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.1 percent.
The CSI300 index .CSI300 surged 3.4 percent and the Shanghai Composite Index .SSEC rose 3.0 percent, as investors welcomed Beijing's 2015 guidelines for economic reform that prioritize further opening of the country's capital market and the restructuring of state enterprises.
"You need a vibrant stock market to push forward economic reforms, whether it's about asset securitization or industry consolidation," said Tian Weidong, analyst at Kaiyuan Securities in Xian. "With such a policy backdrop, investors are emboldened to stay in the market."
Japan's Nikkei stock index .N225 ended up 0.7 percent at a three-week high. On Monday, both the Dow Jones industrial average .DJI and the S&P 500 .SPX closed at record highs, the third straight day for the latter, after lackluster economic data raised hopes that the U.S.
Federal Reserve would hold off raising interest rates.The National Association of Home Builders said its index of members' sentiment fell to 54 points in May from 56 in April, short of a forecast increase to 57 among economists polled by Reuters.
Germany's DAX .GDAXI was seen opening up by 59 points, or 0.5 percent higher, while France's CAC 40 .FCHI was expected to open up by 18 points, or 0.4 percent higher.
"European equities are set to rally his morning off of the back of new highs in the Dow overnight," Jonathan Sudaria, a dealer at Capital Spreads, said in a note. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.1 percent.
The CSI300 index .CSI300 surged 3.4 percent and the Shanghai Composite Index .SSEC rose 3.0 percent, as investors welcomed Beijing's 2015 guidelines for economic reform that prioritize further opening of the country's capital market and the restructuring of state enterprises.
"You need a vibrant stock market to push forward economic reforms, whether it's about asset securitization or industry consolidation," said Tian Weidong, analyst at Kaiyuan Securities in Xian. "With such a policy backdrop, investors are emboldened to stay in the market."
Japan's Nikkei stock index .N225 ended up 0.7 percent at a three-week high. On Monday, both the Dow Jones industrial average .DJI and the S&P 500 .SPX closed at record highs, the third straight day for the latter, after lackluster economic data raised hopes that the U.S.
Federal Reserve would hold off raising interest rates.The National Association of Home Builders said its index of members' sentiment fell to 54 points in May from 56 in April, short of a forecast increase to 57 among economists polled by Reuters.
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