In Europe, the FTSE added 34 points (+0.6%) to settle at 5401, whilst the CAC (+0.8%) and DAX (+1%) also posted solid gains.
Stateside, US stocks snapped a three-session losing streak as jobless claims and manufacturing data signalled a strengthening economy.
The Dow Jones added 45 points (+0.4%) to settle at 11869, whilst the S&P 500 (+0.3%) and Nasdaq (+0.1%) recorded slightly more modest gains.
The Canadian dollar advanced from almost its lowest level in two weeks amid the solid US economic reports whilst the euro pared an earlier advance after the IMF’s Lagarde said the debt crisis was escalating.
Oil continued its recent slide, shedding US$1.08 to US$93.87 a barrel amid concerns about the slowdown in Europe.
Gold fell again, down S$15.80 (-1%) to US$1,570.60 an ounce.
In company news, Bendigo and Adelaide Bank has announced a $120 million capital raising to help fund the purchase of Bank of Cyprus’ Australian division.
There is no major economic data due out for today’s session.