European stocks crept higher on Tuesday, rebounding after a rocky start to the trading week as investors remained jittery over rising interest rates and risks of a global recession.

Asian shares rose on Tuesday, tracking the positive overnight cues from Wall Street as investors turned cautiously optimistic over the highly anticipated US inflation report.

Market sentiment lacked conviction on Tuesday morning despite the Chinese government pledging more efforts to support economic growth.

Global equity bulls lingered in the vicinity on Tuesday as market sentiment stabilized following the Fed induced sell-off last Friday.