On dawn Monday, President elect Joe Biden was finally given the official go ahead to begin his transition.

In response, global markets were up early Tuesday in the U.

S.

The Dow hit a record high soon after the opening bell.

MSC Eyes Broadest Index of Asia Pacific shares outside Japan were up almost no 0.2% in afternoon trade.

Japan's Nikkei jumped around 2.5% helping the index reached its highest point in close to 30 years.

Energy, real estate and financial shares led the advance there.

Monday's announcement by drugmaker AstraZeneca that his vaccine could be 90% effective helped give investors more risk appetite the hope being that the British companies vaccine, which is cheaper and easier to distribute than treatments offered by its rivals, could help drive a quicker recovery of the global economy.

U.

S stocks also saw a boost after reports emerged Biden plans to nominate former chair of the Federal Reserve Janet Yellen as treasury secretary.

Europe followed the positive outlook.

Elsewhere, the pan European stocks 600 rose in early trade has travel stocks gained and crude oil prices hit their highest since March.

France reported his lowest daily tally of virus infections since late September.

On Monday, investors will now focus on a speech by President Emmanuel Macron later in the day when he may announce a relax ation of lock down rules.

Germany's DAX was also slightly up.

Data showed Europe's largest economy grew by a record 8.5% in the third quarter.

Back in the U.

S, Wall Street traders have their eyes on the Dow to see if it could break and hold 30,000 for the first time ever.