International markets roundup
Market watch top headlines
A roundup of trading on major world markets:
NEW YORK - US stocks have opened higher amid signs Washington was making progress to avert the "fiscal cliff."
In the first five minutes of trade, the Dow Jones Industrial Average was up 13.96 points (0.11 per cent) at 13,249.35.
The broad-market S&P 500 points gained 1.09 (0.08 per cent) to 1,431.45, while the tech-rich Nasdaq Composite climbed 6.90 points (0.23 per cent) at 3,017.51.
LONDON - Europe's main stock markets climbed as investors welcomed signs of progress in talks on a new deficit-cutting US budget to avoid the so-called fiscal cliff, dealers said.
At closing, London's benchmark FTSE 100 index of leading shares rose 0.40 per cent to 5935.9 points, Frankfurt's DAX 30 added 0.64 per cent to 7653.58 points, while in Paris the CAC 40 was 0.14 per cent higher at 3648.63 points.
Milan's FTSE Mib index added 0.94 per cent to 16,155 points, as a key budget vote was delayed to Wednesday, while Madrid's IBEX 35 gained 0.95 per cent to 8117.0 points.
On the secondary bond markets the 10-year benchmark yields for crisis struck Spain and Italy eased on improved investment sentiment towards eurozone risk.
The euro rose to $1.3224, up sharply from $1.3161 late in New York on Monday.
HONG KONG - Asian markets mostly rose, taking a lead from Wall Street as dealers grow confident US lawmakers will reach an agreement to avert the fiscal cliff.
Continued weakness of the yen helped send Japanese shares surging for a second straight session on Tuesday as Shinzo Abe prepares to take over as prime minister, vowing to press a more aggressive policy of monetary easing.
Tokyo rose 0.96 per cent, or 94.13 points, to 9,923.01, Seoul was up 0.51 per cent, or 10.02 points, at 1,993.09, while Sydney added 0.48 per cent, or 21.8 points, to 4,595.2.
Shanghai ended up 0.10 per cent, or 2.12 points, at 2,162.46 while Hong Kong gave up earlier gains to end flat, dipping 18.88 points to 22,494.73.
WELLINGTON - Wellington climbed 0.32 per cent, or 12.77 points, to 3,979.25.