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European stocks extend gains as Asia stocks hit a decade high amid renewed global rally.
By Edward Hardy ,

This is what you need to know on Tuesday:

1. European stocks extend gains Tuesday amid a renewed equity market rally that has taken shares in Asia to their highest levels in a decade and boosted global stocks to a new all-time high.

2. The U.S. dollar gains held down local currencies and boosted the attraction of domestic stocks to foreign buyers, helping the MSCI Asia ex-Japan index gain 0.2% to a 2007 higher before paring that advance into the start of the European session. A softer yen also fulled another strong session in Japan, where the Nikkei 225 closed at 19,776.62 points after a 1.18% gain.

3. Regional allies and global investors were cheered by a U.N. Security Council agreement to step-up the level of sanctions on Pyongyang following a series of provocative missile and weapons tests. The sanctions include a limit on incoming fuel supplies and a ban on the country's textile exports.

4. Samsung Electronics (SSNLF)  looked to steal some of Apple Inc's (AAPL) - Get Report  iPhone launch thunder Tuesday by touting the success of its pending Galaxy Note 8 release as the two tech giants square off in what could be their most important battle for global smartphone dominance.

5. Early indications from Wall Street futures, however, suggest a modest start to U.S. benchmarks at the opening bell, with the Dow Jones Industrial Average expected to add around 0.8% from yesterday's 22,057.44 points close and the S&P 500 is for now looking at little-change from its Monday record closing price of 2,488.11 points.

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