Asian-Pacific stock markets were trading in a tight range at Tuesday's open, following a rebound in US equities overnight.
By 10:45 am AEST (12:45 am GMT) the ASX 200 was up 0.5%, the Kospi 200 ticked 0.1% higher while the Nikkei 225 was flat.
Investors are keeping a close eye on several important economic data releases, including Australian consumer and business confidence reports, Chinese international trade data, and the US NFIB small business optimism index.
The rebound in US stocks on Monday saw the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite each rise by 1.2%, recovering some of last week's losses.
Among the top-performing S&P 500 companies were Super Micro Computer Inc, which surged 6%, followed by United Airlines Holdings Inc and Paycom Software Inc.
On the downside, Enphase Energy Inc, Humana Inc, and Bath & Body Works Inc recorded the largest losses.
Among commodity markets, Brent crude oil prices climbed 1.1% to US$71.84 per barrel, while gold prices held steady at US$2,506.45 per ounce.
Chinese and Hong Kong markets closed lower on Monday, with the Shanghai Composite, Shenzhen Composite, and Hang Seng indices all posting losses. Japan's Nikkei Stock Average also fell by 0.5%, while Indian shares bucked the trend, with the BSE SENSEX rising by 0.5%.
European markets rebounded, recovering from sharp declines the previous week as investors prepare for a potential interest rate cut from the European Central Bank (ECB) on Thursday.
Germany's DAX and France's CAC 40 both posted gains, while the UK's FTSE 100 rose by 1.1%.