Stocks in Europe ended higher on Monday as hopes of further stimulus measures from central banks overshadowed grim manufacturing data from China and Europe.
The FTSE 100 in London was was up 0.82%, the DAX in Frankfurt was up 0.63% and the CAC-40 in Paris was up 1.19%.
It's Labour Day in the United States so there was no trading there.
The Australian 200 Index closed up 13 points, or 0.3%, at 4,329 on Monday and the NZX50 index was up 2 points or 0.06% to close at 3669.
At 8.30am on Tuesday, the New Zealand dollar was trading at 79.74 US cents, 77.78 Australian cents, 50.16 pence, 62.43 yen and 0.6333 euro. The Trade Weighted Index was at 71.69.
Brent crude oil was trading at $US115.71 per barrel and gold was trading at $US1691.79 per ounce.