European stocks moved up Tuesday as gains for Credit Suisse AG and Volkswagen AG shares and an important breakthrough on the Greek debt crisis allowed investors to set aside disappointing economic data.

The S&P 500 and Dow industrials steadily climbed to session highs Tuesday, to end with their best one-day percentage gains in two months as oil prices rallied.

Asian stocks rose, with the regional benchmark index heading for a second day of advance, as Japanese shares rallied amid a recovery in commodity prices. Evidence of firming inflation in China ignited gains in industrial metals Tuesday, fueling a 2 percent climb in Bloomberg's Commodity Index along with the gains in crude oil.

Based on MarketWatch materials