Asian shares were set to open higher on Tuesday after U.S. markets gained ground on positive data from trials of three potential COVID-19 vaccines and hopes that the European Union would finalize a recovery fund.
Australian S&P/ASX 200 futures rose 0.70per cent in early trade while Japan's Nikkei 225 futures were up 0.02per cent, or 0.47per cent higher than the Nikkei's close on Monday.Hong Kong's Hang Seng index futures rose 0.92per cent. E-mini futures for the S&P 500 slipped 0.08per cent. European Union leaders appeared to near an agreement on Monday on a 750-billion-euro stimulus plan for regional economies hard-hit by the pandemic.
The day's news helped push the euro to its highest level in more than four months against the U.S. dollar, while the Nasdaq reached a new high - its seventh record in July.The Dow Jones Industrial Average rose 0.03per cent, the S&P 500 gained 0.84per cent and the Nasdaq Composite jumped 2.51per cent.
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