Shares appear set to rise in early trade on the ASX after business confidence improved in Europe and restrictions are eased in Japan and Spain.

The SPI 200 futures contract was higher by 47 points, or 0.84 per cent, to 5,673.0 at 0700 AEST on Tuesday, indicating a gain in early trade.

While financial markets were closed overnight in Singapore, Britain and the United States for public holidays, investors found hope elsewhere.

Germany’s Ifo institute survey for May showed business morale rebounded in May after its worst decline on record in April.

More optimism came from Japan and Spain. Prime Minister Shinzo Abe lifted the state of emergency for Tokyo and four remaining areas while the government is also considering fresh stimulus worth 100 trillion yen ($US930 billion).

Spain announced it will lift a quarantine requirement on overseas visitors from July 1, which may help its tourism sector.

Meanwhile in Australia today Prime Minister Scott Morrison be at the National Press Club in Canberra and discuss new initiatives to education and training that will help the economy recover from the coronavirus crisis.

Coca Cola Amatil will have its annual general meeting.

The Australian dollar was buying 65.46 US cents at 0700 AEST, higher from 65.24 US cents at the close of trade on Friday.

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