The bill auctions were carried out without any problems, which is a positive sign for markets and investor sentiment.
The FTSE added 21 points (+0.4%) to settle at 5657, whilst the CAC (+0.9%) and DAX (+1.3%) enjoyed even stronger gains.
US markets were closed for the Martin Luther King Jr. Holiday.
The Aussie dollar was little changed, holding around the US$1.03 handle, whilst the euro pared earlier losses but still lost ground.
Oil rose 1% to US$99.68 a barrel as Iran told its Gulf Arab neighbours not to make up any shortfall caused by an embargo on its crude oil exports.
Gold rose 0.9% to US$1,647.50 an ounce. In its annual Gold Price Report, PriceWaterhouseCoopers said that the majority of mining respondents expect gold to peak at US$2,000 an ounce this year.
There is no major local data due out for today’s session but there is a host of important economic data due out of China, including GDP and retail sales (1:00pm, AEDT).
Rio Tinto and Fortescue will also be releasing their latest quarterly production figures today.