In Europe the FTSE added 39 points (+0.7%) to settle at 5741, whilst the CAC jumped 2% and the DAX added 1%.
Stateside, the Dow Jones firmed 45 points (+0.4%) to settle at 12624, whilst the S&P500 put on 0.5% and the Nasdaq gained 0.7%.
US jobless claims fell by 50,000 to a seasonally adjusted 352,000 – the lowest level since April 2008
The euro strengthened against 12 of 16 major peers, climbing at least 0.8% against the Australian, New Zealand and Japanese currencies.
The 17-nation currency also printed a two-week high against the greenback on the back of the successful Spanish bond auction.
Oil fell slightly to US$100.39 a barrel whilst base metals were stronger with trading boosted by the improving sovereign debt environment in Europe and stronger US data.
Copper climbed 1.6% to a four-month high, while Nickel posted the strongest gain, up 3.6%.
Gold fell from five-week highs, down 0.1% to US$1,660 an ounce.
Today’s session will bring us data in the form of import prices at 11:30am, AEDT.
There is no relevant company specific data due to be released today.
SPI futures are currently pointing to an approximately 30 point gain on the open.