European stocks traded higher, but off session highs as declines in oil weighed.
Asian equities closed higher, with the Nikkei 225 and Shanghai composite both up more than 1.7 percent.
Both China's central bank governor and new securities regulator spoke over the weekend.
The People's Bank of China won't resort to excessive stimulus to bolster growth but will keep a flexible stance in the event of an economic shock — domestic or global, Governor Zhou Xiaochuan said, while reiterating the authority's prudent monetary policy, Reuters reported.
China will not reintroduce the circuit breaker mechanism to its stock markets in the next few years, Liu Shiyu, chairman of the China Securities Regulatory Commission said in a Reuters report.
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