Global shares were higher on Tuesday while oil prices firmed following China's decision to ease some quarantine requirements for international arrivals that raised hopes for stronger growth and a revival in demand for commodities. China slashed the quarantine time for inbound travellers by half in a major easing of one of the world's strictest COVID-19 curbs, which have deterred cross-border travel and resulted in international flights running at just 2% of pre-pandemic levels. China's strict zero-COVID regulations have been a drag on activity in the world's number two economy, but an easing of travel restrictions and reopening of major cities from lockdowns boost optimism that growth can get back on track.
Monday's session saw stocks give back a little territory from last week's rebound rally, but experts are seeing a few reasons to be optimistic.
U.S. stocks closed a choppy session lower Monday after failing to sustain momentum from last week’s rally.