Shares in Europe dipped on Monday after Danish brewer Carlsberg results lagged forecasts.
The FTSE 100 in London was dragged down by weaker mining stocks hit by lower commodity prices and industrial unrest.
However the DAX in Frankfurt and the CAC-40 in Paris up by 0.46% and 0.18% respectively.
Markets in the United States were closed for a holiday for Washington's birthday.
The Australian 200 Index closed up 29 points, or more than 0.5%, at 5,063 on Monday. The NZX 50 index rose 18 points to close at 4,214.
At 8.30am on Tuesday, the New Zealand dollar was trading at 84.53 US cents, 82.11 Australian cents, 54.68 pence, 79.44 yen and 0.6331 euro. The Trade Weighted Index was at 76.97.
Brent crude oil was trading at $US11894 per barrel and gold is trading at $US1608.30 per ounce.