However, lower interest rates and increased government spending won’t only help Chinese companies, Evercore ISI says.

European stocks gained on Monday as traders looked forward to major earnings releases and reacted to a report from China giving more details on plans for fiscal stimulus.

Chinese stocks eased on Tuesday as the frenzied rally that drove them to multi-year highs a week ago subsides with investors stepping back to see when and where government support will be directed at the world's second-biggest economy.