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· Asian markets buoyant as U.S. stimulus package debate looms

Asian stock markets gained for a second day on Tuesday on increased optimism about economic stimulus and global recovery, while retail investors retreated from GameStop and their new-found interest in silver.

The momentum looked set to carry through into European trade, with FTSE futures up 0.66% and E-mini futures for the S&P 500 index rising 0.52%.

MSCI’s gauge of Asia Pacific stocks outside Japan rose 1.49%, building on Monday’s 2.3% gain. Hong Kong’s Hang Seng Index and China’s benchmark CSI300 Index jumped 1.37% and 1.1% respectively, helped by easing concerns about tight liquidity and falling cases of new coronavirus infections. Japan’s Nikkei 225 added 0.78%.

Markets were buoyant ahead of negotiations Tuesday between U.S. President Joe Biden and Republican senators on a new COVID support bill. The GOP’s $618bn stimulus plan released early Monday was about a third the size of the President’s proposal. Top Democrats later on Monday filed a joint $1.9 trillion budget measure in a step toward bypassing Republicans.

· Japan shares gain as optimism around corporate earnings grows

Japanese stocks ended higher for a second consecutive session on Tuesday, recovering from last week’s sharp sell-off, as growing optimism around domestic and U.S. corporate earnings boosted sentiment.

The Nikkei index closed up 0.97% at 28,362.17 points, with consumer goods, materials makers and real estate companies leading gains. The broader Topix rose 0.83% to 1,844.91.

Japanese stocks took their lead from an overnight jump in U.S. tech shares ahead of earnings from Amazon.com and Alphabet Inc later in the day.

In addition, many Japanese companies are reporting earnings this week, and some investors are betting that a gradual recovery in the global economy will lift profits.

Worries about a short-squeeze triggered by U.S. retail investors shook global markets last week, but volatility has abated this week.

Stocks also benefited from hopes for more U.S. economic stimulus and a rising number of U.S. coronavirus vaccinations.

· China stock end higher on cenbank's liquidity boost, easing virus woes

China stocks ended higher on Tuesday, as the central bank’s liquidity injection eased worries over tight liquidity conditions, while falling cases of new coronavirus infections also aided sentiment.

The blue-chip CSI300 index rose 1.5% to close at 5,501.09, while the Shanghai Composite Index added 0.8% to 3,533.68.

· European stocks open higher amid positive global market sentiment

European stocks opened higher Tuesday as global markets reflect positive investor sentiment that an economic recovery, following the pandemic, is not too far away.

The pan-European Stoxx 600 climbed 0.7%, with autos adding 1.7% to lead gains as almost all sectors and major bourses entered positive territory.

Globally, investors are keeping an eye out on further signs that economic recovery following the coronavirus pandemic is not too far away, as vaccination rollouts continue and new infections and fatalities start to slowly decline amid lockdowns.

European markets are also focused on coronavirus developments and hopes that the EU will soon receive more vaccine supplies, after several weeks of disappointments and disagreements with vaccine makers, over the lack of supplies, mainly due to production issues.

On the data front, the euro zone will publish preliminary fourth-quarter growth data.

Reference: CNBC