Concerns about slowing growth in major economies China and the US were weighing on markets, as investors monitor rising geopolitical tensions around Afghanistan.
Disney's upbeat earnings round out a season that has lifted stocks, while Delta variant-related cuts to demand outlooks weigh on oil futures.
Asian equities fell as COVID-19 concerns and revived concerns about regulatory pressure from China weighed on markets.
The US stock market regained strength on Tuesday, shaking off concerns about economic growth and the Delta coronavirus variant.
With a strong Q2 earnings season underway, investors are awaiting key data on growth and jobs this week, while rising COVID cases have forced more restrictions.
Investors are looking ahead to this week's key monthly jobs report, while oil prices are holding around their highest since late 2018.
Investors are weighing up what Friday's US jobs data mean for the Federal Reserve ahead of a key read of consumer inflation.
A potential blockbuster US employment report is due, pushing equities higher. Booming global trade suggests the economic recovery is picking up steam.
US jobs and oil demand data boosted markets, as investors await the Bank of England's policy decisions.
Oil prices sank as COVID-19 cases continued to rise and cause worry about economic recovery. US indices recovered from the shaky start to the week.
Most markets were shut for a public holiday, but a key read on the US labor market that could show the best jobs growth in six months was hours away.
Economically sensitive sectors gained after Biden committed to $2 trillion in spending. Oil rose ahead of the OPEC+ meeting, despite lockdowns.
With $1.9 trillion in stimulus now a certainty, risk assets such as stocks, emerging-market currencies, crude oil and copper rallied.