Stocks are likely to open higher Tuesday, a day after both the Dow Jones industrial average and the S&P/TSX composite index declined more than 100 points.

There are no major economic data releases due out in Canada or the United States today.

In other economic news, Statistics Canada reported that the New Housing Price Index rose 0.3% in March, down slightly from February’s monthly increase of 0.4%. On a 12-month basis, this index of contractors’ selling prices rose 5.1%, up from February’s increase of 4.9%.

Prices were up in 14 of the 21 metropolitan areas surveyed. For the most part, increases in these metropolitan areas were the result of higher prices for labour and building materials such as lumber and drywall, StatsCan said.

In this morning’s earnings news, Toyota Motor Corp. reported on Tuesday that profits surged 55% to a record in the fiscal year through March on booming sales in nearly all regions across the world. The carmaker also said it expected to sell more vehicles in the coming year.

Markets are up slightly across Europe at midday. In Frankfurt, the main Xetra Dax Index is up1% to 3,824.87.

In London, the FTSE 100 index is ahead 0.65% to 4,423.60, even though the market was hit with bad news, including another fall in U.K. manufacturing output. The government said output declined 0.3% in March.

France’s CAC 40 index is up 1% to 3,585.82.

Overnight in Asia, markets closed higher. In Tokyo, the Nikkei rose 22.48 points to 10,907.18.

In Hong Kong, the key Hang Seng Index edged up 22.59 points to 11,508.09.

Stocks fell around the globe on Monday as concerns over higher interest rates fueled growing anxiety in markets world-wide.

The S&P/TSX composite index sank 145.30 points, or 1.76%, its lowest finish since Dec. 24. 2003. It was also the index’s second consecutive triple-digit decline.

On Wall Street, stocks fell for the third straight session, pushing the Dow Jones industrial average below the 10,000 level for the first time since last December.

The Dow fell 127.32 points, or 1.26%, to 9,990.02. The S&P 500 Index fell 11.59 points, or 1.05%, to 1,087.11, its lowest level in nearly five months.

The tech-heavy Nasdaq composite index slid 21.89 points, or 1.14%, to 1,896.07, its lowest close since Nov. 21, 2003.