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.
European Central Bank President Mario Draghi signaled Monday that officials are ready to take action against low inflation, while China Premier Li Keqiang said in a statement Friday that the government will adjust policy to help the economy.