Shares rebound as China sticks to targets Tuesday 08:00 GMT. Asian and European shares are rebounding from Monday's slip as investors bet that global central banks will continue easing measures to boost economic activity, while China maintained its economic growth target for this year. Across asset classes, moves are symbolic of what has come to be known as "risk on" trading. Perceived havens are weaker: the dollar index is dipping 0.2 per cent and benchmark Treasury and Bund yields are rising 1 basis point to 1.88 per cent and 2bp to 1.44 per cent, respectively. Meanwhile, supposedly racier bets are in demand, with copper adding 1.1 per cent to $3.53 a pound and Brent crude up 34 cents to $110.43 a barrel. The euro is up 0.2 per cent to $1.3048 as Italian and Spanish implied borrowing costs ease back several basis points apiece, pointing to easing eurozone tensions. Gold is advancing $10 to $1,583 an ounce. The FTSE All-World equity index is up 0.3 per cent after the Asia-Pacific region added 0.6 per cent and as the FTSE Eurofirst 300 opens with a gain of 0.5 per cent. US index futures suggest the S&P 500 will rise three points to 1,528, leaving it only a few points off fresh five-year closing peaks. Wall Street's recovery late in the previous session, which left the Dow Jones Industrial Average within 40 points of a record high, is also providing some pep to the bulls. Sentiment improved after Janet Yellen, the Federal Reserve's vice-chairman, said the US central bank's aggressive monetary stimulus was warranted given how far the economy was operating below its full potential. Investors were watching for other major central bank monetary policy meetings this week, starting with the Reserve Bank of Australia, which left rates unchanged at 3 per cent on Tuesday, and followed on Thursday by the Bank of Japan, the Bank of England and the European Central Bank. Strip out the RBA and all those monetary guardians remain ultra-accommodative, providing largesse that some analysts see as crucial to the market's sense of wellbeing. Indeed, riskier assets have swiftly overcome another possible stumbling block: worries about weaker growth in China after Beijing cracked down on the property sector. On Monday, that news had contributed to a 3.7 per cent slump for the Shanghai Composite index as developers and banks took a hit. But the SCI has recovered by 2.3 per cent after Beijing maintained its economic growth target at 7.5 per cent while lowering its inflation goal to 3.5 per cent as the National People's Congress opened on Tuesday. Australia's S&P/ASX 200 index jumped 1.3 per cent as retail shares were buoyed by a 0.9 per cent month-on-month rise in the sector's sales. Miners also benefited from the better sentiment regarding China, which, along with stronger-than-forecast export data and a slightly more optimistic assessment of the national economy from the RBA, helped the Aussie dollar gain 0.4 per cent against the buck. Japanese stocks extended recent gains with the Nikkei 225 Stock Average up 0.3 per cent to a new 4½-year high, after finance minister Taro Aso said he expected Haruhiko Kuroda, the nominee for Bank of Japan governor, to handle monetary policy to shore up a sluggish economy. However, the Nikkei was off its highs for the day as traders noted the yen - with which Tokyo's stocks have been tightly inversely correlated for several months - strengthening as the session progressed. The yen is now up 0.4 per cent to Y93.12 relative to the dollar. Additional reporting by Song Jung-a in Seoul