The New Zealand sharemarket was moderately stronger in early trade after stocks in the Untied States chalked up their best day in nearly two months.
As investors welcomed a string of robust earnings reports, Greece appeared close to a bailout deal, easing fears about a wider sovereign debt crisis.
Around 10.15am the benchmark NZX-50 index was up 7.43 points to 3289.7, having yesterday edged up 1.7 points.
Stocks rising early included Freightways, which was up 4c to $3,20; The Warehouse, up 2c to $3.80, NZ Refining Co, up 2c to $3.71, and Guinness Peat Group, up 2c to 91c.
Market leaders were unchanged early with Telecom on $2.19, Fletcher Building on $8.35, and Contact Energy on $6.25. Fishing company Sanford slipped 2c to $4.31.
In the US, news that Greece was readying severe austerity measures to secure a multibillion-euro aid package spurred widespread relief, and the more beaten-down sectors, such as banks, recouped recent losses for a second day running.
Continuing the generally favourable earnings season, cellphone maker Motorola Inc beat forecasts, while Visa Inc reported higher-than-expected profits and raised its revenue outlook, spurring hopes of a revival in consumer spending.
The Dow Jones industrial average gained 1.1 percent to 11,167.32, the Standard & Poor's 500 Index rose 1.3 percent to 1206.78, and the Nasdaq Composite Index added 1.6 percent to 2511.92.
The Dow and the S&P 500 posted their biggest one-day gains since March 5 while the Nasdaq rose the most since January 4.
