LONDON/SYDNEY (Reuters) - World shares forged ahead on Tuesday and commodity markets drove higher as well, as investors disregarded Sino-U.S. tensions to focus on more stimulus in China and a re-opening world economy.

FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville
Britain's FTSE .FTSE and Japan's Nikkei .N225 led their regions with 2.2% gains, while U.S. S&P 500 futures cleared the 3,000 level for the first time since early March, when the economic impact of the coronavirus was just becoming clear.

Europe’s early spurt saw the STOXX 600 score a near 11-week high. Travel and leisure stocks jumped almost 6% after Spain had said quarantine-free tourism would resume next month and Germany edged towards a 9 billion-euro bailout of airline Lufthansa.

Italian, Spanish and other southern euro zone government bonds gained and a weaker dollar helped the euro, the pound, and holiday-hotspot currencies like Turkey’s lira.

“Investors are trying to be optimistic here and think that everything is going to be OK,” said Christopher Peel, the chief investment officer of Tavistock Wealth. “You can’t fight it ... I’m not trying to fight it. But it is totally disconnected from economic reality.”

Overnight saw another high-profile casualty of coronavirus as Latin America’s largest airline, LATAM Airlines Group (LTM.SN) and its affiliates in Chile, Peru, Colombia, Ecuador filed for bankruptcy protection in the United States. The car- rental firm Hertz (HTZ.N) had done the same on Friday.