US Stocks managed gains Monday, with the Dow industrials closing above 11,000 for the first time in 18 months, after European leaders made loans available to Greece, tempering fears that the nation might have to default on its debt.
But lingering concerns ahead of the start of the quarterly reporting period limited the gains.
The Dow Jones industrial average (INDU) added 8 points or 0.1%, finishing at 11,005.97, the highest close since Sept. 26, 2008, when it ended at 11,143.13.
Analyst said "11,000 is a nice number but it's more psychological than anything. The S&P is getting close to 1,200 and that's another big round number."
Recession questions: Although most economists think that the recession is over, the panel of economists who are responsible for specifying changes in the business cycle aren't sure yet. The National Bureau of Economic Research said Monday that it is premature to say whether the recession that began in December 2007 has ended. The group is apparently wary to call an end when there is still the threat of a so-called double dip recession.
In London, the benchmark FTSE 100 index closed up 0.12 per cent, by 6.67 points, at 5,777.65 points.
FRANKFURT - The German DAX was flat at 6,250.69 points, up 0.99 point.
PARIS - The French the CAC 40 also was virtually unchanged, down 0.04 point at 4,050.50.
Oil prices slipped for the fourth consecutive session on Monday in New York, under pressure from mediocre demand in the US, the world's largest energy consumer.
New York's main contract, light sweet crude for delivery in May, fell 58 cents to $US84.34 a barrel after rallying above $US85 earlier in the day.
The Australian share market has received generally positive leads from overnight trading offshore, with Wall Street up marginally, precious metals higher, and European markets flat to higher. Oil and base metal copper were lower, however.
On the Sydney Futures Exchange at 0700 AEST, the June share price index contract was 15 points lower at 4,992.
In economics news on Tuesday, the Australian Bureau of Statistics releases lending finance data for February, National Australia Bank issues its business confidence survey for March, and the Australian Office of Financial Management auctions $300 million of August 2015 Treasury indexed bonds.
GOLD up 30c to US$1,162.20 an ounce SILVER up 6.3c to US$ 18.414 an ounce COPPER down 2.55c at US$3.5645 a pound
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