Stocks markets in Europe and Asia have forged higher, as investors bet that state action to strengthen the banking system will ease the credit crisis.
London's FTSE 100 index rose almost 4% in early trade, while Japan's Nikkei stock index posted a record 14% gain.
The US is set to unveil details of a plan to take stakes in banks, following steps by the UK and European leaders.
President George W Bush will make a statement about the bank plan shortly before US markets open later.
The FTSE 100 was up 3.93%, or 167.29 points, at 4,424.19 points. In France the Cac 40 was up 4.04%, or 142.53 points at 3,674.03.
Bank shares led gains in London.
In Japan, the Nikkei 225 ended up 14.2% at 9,447.57 points - its biggest ever one-day gain as it caught up with gains elsewhere after a public holiday on Monday.
Fresh moves
The gains came after the US Dow Jones index jumped 11% on Monday as investors welcomed fresh moves to deal with the worldwide financial crisis.
In Hong Kong, the Hang Seng index was up 715.67 points, or 4.4%, at 17,027.83 by the mid-session break. South Korea's index finished the day 6.14% higher.
Australia's main share index ended the day up 3.7% after Australian Prime Minister Kevin Rudd announced a 10.4bn Australian dollar ($7.3bn) economic stimulus package.
It will allow for one-off payments to the country's low-wage earners and pensioners and follows earlier announcements of guarantees of bank deposits for three years.
According to Mr Rudd, the strategy "will strengthen the national economy and support Australian households".
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