The UK’s FTSE 100 index led the rise in European stock markets. Previous survey data showed that China’s manufacturing industry has not been significantly derailed by the Omicron coronavirus variant.

The British blue chip index, dominated by energy, resources and financial stocks, responded well to signs of strong global growth, rising 1% in early trading on Tuesday. The London market is closed on Monday due to a public holiday.

The European Stoxx 600 stock index rose 0.6% on Tuesday, another record set in the previous trading day. In Asia, Tokyo’s Nikkei 225 index closed 1.8% higher.

The China Manufacturing Purchasing Managers Index compiled by Caixin and Markit rose to a higher-than-expected 50.9 in December. This drove the index, which collated executive answers on topics such as recruitment plans and new orders, and showed expansion when it rose above 50, the highest level since June.

On Wall Street, futures showed that the S&P 500 index will open up 0.2% after closing at a record high on Monday, driven by gains from Apple and electric car maker Tesla.

On Monday, Apple’s market value rose to $3 trillion, becoming the first company to achieve this valuation.

U.S. Treasury bond prices stabilized after a sharp drop on Monday as traders withdrew from assets sensitive to rising interest rates and inflation expectations.

The yield on the benchmark 10-year Treasury bond is inversely proportional to the price, unchanged at 1.623% after rising by more than 0.13 percentage points in the previous trading day. The yield on the German equivalent of German government bonds, which determines the cost of borrowing in the euro zone, stabilized at minus 0.132%.

The oil benchmark Brent crude oil stabilized at US$78.93 per barrel before the meeting of OPEC+ Producer Organization members.