US. stocks edged higher following a spate of mergers and acquisitions while the dollar climbed to the strongest level this year.
Tech shares were the best performers in the U.S., lifting the S&P 500 Index.
Oil gained, rising 1.7%, following speculation the U.S. may pull out of a nuclear accord with Iran, escalating tensions in the Middle East and potentially disrupting supplies from that OPEC producer. President Donald Trump is scheduled to announce his decision on Tuesday.
European stocks ended higher on Monday in a quiet session as the U.K. market remained closed for a public holiday, with a renewed dip in the euro fuelling expectations that currency headwinds for the region’s exporters are set to ease.
European equities closed up 0.4% the highest closing level since early February. The euro slipped below $1.19 versus the dollar, falling to levels not seen since late December.
Asian stocks gained Tuesday, extending a gradual recovery after declines in recent weeks stoked by concerns about the vulnerabilities of emerging-markets in the face of higher U.S. yields, a stronger dollar and costlier energy prices.