an investor looks at an electronic board showing stock information at a brokerage house in beijing august 27 2015 reutersjason leefile photo london aug 31 reuters  stock markets set new record highs on tuesday as investors ended august in a buoyant mood confident of an ongoing economic recovery and that the federal reserves eventual paring back of its stimulus would not knock asset prices anytime soon european stocks are on course for their seventh straight month of gains the paneuropean stoxx 600 index stoxx gained 02 with asian stocks reversing earlier losses as fresh signs of a slowdown in chinas economy spurred hopes of more stimulus the german dax gdaxi climbed 046 while frances cac 40 fchi was 01 higher wall street futures were higher ahead of the us open and after closing at or near record highs on monday   the msci world equity index miwd00000pus which tracks shares in 50 countries rose 028 while risks remain and investors should reflect this in their portfolios we believe the backdrop for equities remains positive and we advise investors to position for reopening and recovery we advise investors to position in stocks that should benefit from strong economic growth said mark haefele chief investment officer ubs global wealth management rising cases of the covid19 delta variant have hurt asian shares in recent weeks but have mostly been ignored by european and us markets as investors continue to bet that plentiful stimulus and rising corporate profitability will further fuel asset price gains even after such a strong run so far this year outside of stocks the dollar a safehaven currency and barometer of risk sentiment fell to a threeweek low  the euro rose 03 to 11827 against a weaker dollar however the mood was not entirely ebullient data showed that chinas businesses and the broader economy came under increasing pressure in august as factory activity expanded at a slower pace while activity in the services sector contracted that raises the likelihood of more policy support to boost growth read more there are also growing concerns about beijings regulatory clampdown tech indices and stocks fell on monday after the government cut the amount of time players under the age of 18 can spend on online games to one hour on fridays weekends and holidays the csi information technology subindex csiint slumped 267 the chinext composite startup board cnt was 251 weaker and shanghais techfocused star50 index star50 fell 28​ the chinese tech sector is under pressure divergence should continue when the market faces a lot of uncertainties over chinese policies said edison pun senior market analyst at saxo markets but asian shares more broadly later recovered with investors shrugging off the concerns about china mscis gauge of asia pacific stocks outside japan miapj0000pus was up 1 while japans nikkei 225 n225 bounced back strongly to stand 11 higher despite weak july industrial output data read more oil prices fell on concerns that power outages and flooding in louisiana after hurricane ida would cut crude demand from refineries at the same time that global producers plan to raise output read more us crude reversed losses to stay flat at 6922 a barrel brent fell to 7285 a barrel although it was off its weakest of the day as hurricane ida weakened into a category 1 hurricane within 12 hours of coming ashore as a category 4 in bond markets euro zone government bond yields steadied ahead of euro zone inflation data for august firstestimate data due at 0900 gmt is expected to show prices rose 27 yearonyear according to a reuters poll up from 22 in july investors are also preparing for crucial data on the state of the us jobs market due out later in the week additional reporting by kane wu in hong kong editing by gareth jones