World shares hit their highest in a month on Tuesday, as China promised fiscal action to support the world’s second-largest economy and stellar results from internet giant Alphabet underpinned tech stocks.
Wall Street was set for a short climb when it reopens, with Google-parent Alphabet, part of the so-called FAANG stocks, expected to jump almost 5 percent after a better-than-expected quarterly revenue jump.
Metals prices were also sharply higher thanks to the stimulus signals in Beijing [.N], while global bonds were still sluggish following speculation that the Bank of Japan may soon trim its massive stimulus.
The euro had nosed higher on solid German manufacturing data and though the dollar was having a largely quiet day there were plenty of jarring moves in emerging markets to raise the pulse rate.
