Asian shares were up on Tuesday, carried by highs reached by their U.S. peers. Australia's S&P\ASX 200 index rose 1.33%. Korea's KOSPI gained 0.47%, while India's Nifty rose 0.45%. China's Shanghai index was more muted, as investors reassess the weak economic reports for China's factory activity; the index was last up 0.02%. Japan is shut for a holiday.

Wall Street ended Monday on a lofty note, with NASDAQ hitting a three-month high at 5,127, after gaining 1.45%. Dow Jones also hit its highest in more than three months, up 0.93% at 17,828. S&P 500 rose 1.19% to 2,104, its highest in about nine weeks.

Dollar was slightly down against a basket of its peers (DXY), falling 0.05% to 96.95. It was flat against Euro at 1.1016. Against Sterling it fell 0.04% to 1.5425. It retreated 0.07% against Yen to 120.68.

Most major currencies traded in their previous ranges without much activity due to Japan's holiday. Euro was slightly down against Sterling at 0.7141. It slid to 132.91 against Yen.

Crude oil prices were modestly up, with Brent futures for December gaining 8 cents, or 0.16% to $48.87 a barrel. U.S. futures rose 15 cents, or 0.33% to $46.29 a barrel.

Canadian dollar was slightly up in tandem with oil, gaining 0.10% to C$1.3083 per dollar. Australian dollar soared 0.76% to a one-week high at $0.7201.

Gold futures were almost flat, rising 0.03% to $1,136.20 an ounce. Silver futures rose a more robust 0.18% to $15.43 an ounce.

Coming out today from UK, construction PMI for October, forecast to ease to 58.9 from September's 59.9. Sterling is held against a solid resistance range, and a major positive result might help it break through.

U.S. Factory orders for September are forecast to have fallen 0.8% m\m, a more positive result will help Fed make up its decision regarding interest rates in December, which will push the dollar up.