Asian and European markets rose, today, lifted by the record high closing on Wall Street, overnight and as oil prices hit their highest level since October.Japan's Nikkei 225 index rose 0.3 percent; China's Shanghai Composite index advanced one percent; Hong Kong's Hang Seng index jumped 1.4 percent; Singapore's Straits Times index added 0.2 percent; and South Korea's Kospi rose 0.9 percent.In Europe, the UK's FTSE-100 had gained one percent, while France's CAC-40 and Germany's DAX had climbed 0.7 percent, each, in intra-day trade.The difference between German and U.S. bond yields were back near multi-decade extremes after two of European Central Bank's top policymakers reaffirmed the bank's commitment to its mass stimulus program ahead of a flagged review next month.In the currency markets, the dollar dipped a modest 0.3 percent. But the dollar did mark its second day in the red, having snapped a 10-day and 10 percent rise against the yen, yesterday.Trump, outlining plans, yesterday, pledged to withdraw from the TPP Asia-Pacific free trade accord. Such a move may lead to retaliation by trade partners such as China and could potentially derail markets, Libby Cantrill. But for now, expectations that Trump's administration will adopt expansionary fiscal policies have pushed developed market stocks higher. Even emerging market shares seem to have settled over the last week having initially been hit hard.