Markets rose on Tuesday.
The S&P 500 jumped 1.8 percent, the STOXX Europe 600 surged 2.3 percent and the Shanghai Composite rose 1.4 percent.
Markets rose as Americans head for the US presidential election, with former Vice President Joe Biden holding a lead in national polling over President Donald Trump.
“I think that no matter who wins, you have a quick dip and you have to buy,” said CNBC's Jim Cramer.
Similarly, Jim Paulsen, chief investment strategist at the Leuthold Group, said that “after almost a 10% decline in the last month, buying on the dip is back”.
Earlier in the day, the Reserve Bank of Australia reduced its cash rate target to 0.1 percent.
“The cash rate is now really as close to negative as it can be,” said Paul Bloxham, chief economist for Australia, New Zealand and global commodities at HSBC.
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