By Marc Jones

LONDON (Reuters) - The dollar and world shares recovered from their lowest levels in a month on Tuesday and German Bund futures eased, after weak U.S. data calmed concerns of an early cut in central bank stimulus.

The dollar was back above 100 yen and the U.S./ currency's index <.dxy> was clawing back some of the 1 percent falls seen on Monday after the Institute for Supply Management's (ISM) index of U.S. factory activity fell to 49.0, its lowest since June 2009.</.dxy>

European stocks <.fteu3><.stoxx50e> opened 0.6 percent higher, tracking an overnight rebound in U.S. and Asian shares and looking to snap a two-day losing streak that has left them at their lowest level since early May. <.eu></.eu></.stoxx50e></.fteu3>

"With (positive) closes in the U.S. and Japan we'll try to recover today," said Ouri Mimran, an equities strategist at Natixis in Paris. "A break above yesterday's high (on the Euro STOXX 50) will give the bullish signal."

As risk assets stabilized and investors kept positions tight ahead of the European Central Bank and Bank of England's monthly meetings on Thursday and key U.S. jobs data on Friday, German Bund futures dipped and peripheral euro zone debt edged up.

Commodity markets were also steadier. Copper climbed for a second session, while gold and oil were both little changed at $1,406 an ounce and $102 a barrel respectively.

U.S. ISM manufacturing:

Global manufacturing PMIs:

Asia manufacturing PMIs:

Currencies vs USD in 2013:


(Reporting by Marc Jones; Editing by John Stonestreet)