Some nervousness ahead of Federal Reserve Chair Janet Yellens make semi-annual testimony on monetary policy before the US Congress also weighed on trade. Yellen referred House lawmakers specifically to that section of the report in her testimony. PepsiCo served up its results early Tuesday.
Regardless, a return to political scandal has slightly dampened enthusiasm for the US Dollar.
Halcon Resources Corp's shares were up 40 percent after the oil producer said on Tuesday it would sell assets it operates in the Williston Basin to Bruin E&P Partners for $1.4 billion in cash.
EXECUTIVE SHUFFLE: Citrix Systems fell 1.6 percent after the business software company announced that CEO Kirill Tatarinov has been replaced by David Henshall, the company's chief financial officer.
Among the data policymakers will be watching are wages and inflation which have remained surprisingly low, despite an average increase in employment of 180,000 a month this year and an unemployment rate of 4.4 percent in June.
European shares rose 0.8 per cent with all major sectors in the green.
BONDS: Bond prices were little changed. Energy stocks bucked the downward trend as oil prices rebounded. Brent crude, used to price global oils, gained 73 cents to $48.25 per barrel in London.
"Stocks have opened higher at the start of this week, the dollar continues to bask in the glory of the stronger-than- expected non-farm payrolls data, and USA bond yields are approaching the key 2.4 percent level", said Kathleen Brooks, research director with City Index in London.
In commodity markets, oil prices got a reprieve from worries about oversupply after the USA government cut its crude production outlook for next year and as fuel inventories plunged.
Even as gold threatens to make more room to fall as it approaches the key support line at $1,200/oz, the overlooked global turmoil in terms of military threats (Syrian conflict, North Korea) as well as economic ones (the eroding worldwide trade order) could generate a snap-back in safe haven demand on any given day. Copper inched up 2 cents to $2.67 a pound. The CAC 40 Index of France is up 46.47 points or 0.90%, the German DAX is climbing 79.77 points or 0.65%, the UK FTSE 100 Index is progressing 66.47 points or 0.91% and the Swiss Market Index is expanding 64.06 points or 0.71%.
Asia-Pacific's broadest index the MSCI, which does not include Japan, has advanced by 0.4%, while the Nikkei in Japan, was up 0.8% to a high of one week helped by Japanese yen weakness. Hong Kong's Hang Seng index surged 0.8 percent to 26,089.42, while China's Shanghai Composite Index slipped 0.2 percent to 3,196.56.
The euro added 0.1 percent to $1.1473 (EUR=), within sight of the previous session's 14-month high of $1.1480.