REUTERS: Asian markets look set to rise on Tuesday, building on newfound momentum after bargain hunters helped a recovery in U.S. markets after last week's selloff.
U.S. consumer confidence and home price data is also due on Tuesday. Upcoming U.S. economic data should help show how well the country is positioned to rebound from pandemic lockdowns, and how necessary more stimulus will be."Globally, a loss of momentum and the renewed rise in COVID-19 infection rates points to the need for additional fiscal and monetary support.
MSCI's gauge of stocks across the globe gained 1.68per cent, while the STOXX 600's banking stock index was up 5.6per cent, after hitting a fresh all-time low on Friday.
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