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) 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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