US equities maintained their strong recent run. The S&P 500 gained 0.4%, settling at another fresh record high. The dollar also extended its recent bout of strength against the euro as the common currency traded lower following the Spanish vote in Catalonia.
Positive US economic data further boosted the dollar as the Purchasing Managers Index (PMI), a widely watched measure of manufacturing activity, rose to a 13-year high, easily outstripping expectations.
European equities also traded higher yesterday, with the Euro Stoxx 50 index gaining 0.2%.
Spanish stocks, however, underperformed their European peers, closing 1.2% weaker following the independence vote in Catalonia over the weekend.
Energy stocks also underperformed on both sides of the Atlantic as oil prices continued to retreat. Brent crude settled 2.5% lower.
Japanese stocks closed at their highest levels since August 2015, gaining 1% overnight. Strength was broad-based across sectors with Real Estate and Utility companies contributing the most gains.