While U.S. and British markets were closed for holidays Monday, stocks rose in Europe.
A benchmark of European equities climbed to a six-year high, while Italian and Spanish bonds advanced as policymakers said they would take steps to support economic growth. Shares in Russia gained, and crude oil fell as Ukraine elected a new president.
The Stoxx Europe 600 index climbed 0.6% to the highest level since January 2008.
Italian bond yields tumbled after Prime Minister
Canadian stocks were little changed. Copper miners
Shares of Pfizer Inc. traded in Germany reversed losses after the biggest U.S. drug maker abandoned efforts to buy British rival
In India, the S&P BSE Sensex rose 0.1%. Narendra Modi, who was sworn in as India's prime minister, signaled that he would cut the number of cabinet ministers in an overhaul of the nation's top decision-making body.
In China, the Shanghai composite index added 0.3% in its second day of gains. China's benchmark money-market rate dropped the most in three weeks after Li signaled more policy easing to counter a slowdown in the world's second-largest economy.