Amid global tensions, Europe stocks picked up after a recent slump, with London's FTSE 100 higher by 0.81 percent and France's CAC posting the highest gains at 0.92 percent.

CNN Money Europe's Markets data showed Europe stocks rallied, Germany's DAX 30 climbed 0.85 percent while Euronext 100 rose 0.91 percent and Swiss Market Index up by 0.58 percent.

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After Malaysian Airline Flight 17 crashed in Ukraine last week, killing all its 298 passengers, investors were unsettled, causing global market shares to go down.

This new Malaysian Airline tragedy, coupled with violence in Gaza caused disappointing trading in Asia, Europe and US markets in the past days but the move of the pro-Russian  rebels to hand over black boxes to Malaysian officials, eased the tension between the West and Russia.

The Malaysian Airlines flight MH17 crashed as it flew over Ukraine from Amsterdam to Kuala Lumpur, apparently shot down by a surface-to-air missile.

Elsewhere, stock markets in Asia are mostly upbeat Tuesday, one of them is Japan's Nikkei 225 stock index,  which was up by 0.8 percent. Hong Kong's Hang Seng rose 1.6 percent and China's Shanghai Composite Index up 1 percent.

In the US markets, Tuesday's opening showed a rebound with stock futures climbing following a decline Monday.

The Marketwatch stated S&P 500 index is higher by 0.3 percent, Dow Jones Industrial Average is also up by 0.3 percent and Nasdaq 100 Index gained 13.25 points.

Reuters reported that Russian stocks also posted gains after stumbling over the last weeks.

Tagsstock market, Malaysia Airlines MH17