European equities closed sharply higher on Tuesday, with a surge in retail stocks helping to boost investor sentiment.
The pan-European FTSEurofirst 300 closed around 1.3 percent higher, with German stocks ending 1.6 percent up. The French CAC closed 1.4 percent higher, while Portuguese stocks soared to end over 2 percent higher.
Among U.K. retailers, WM Morrison surged to close around 4.5 percent higher after the announcement that CEO Dalton Philips would leave the firm.
London's FTSE 100, in which the supermarket chain features, ended unofficially 0.7 percent higher.
Meanwhile, shares in U.K. online retailer ASOS rose as much as 9 percent after it posted a 15 percent rise in Christmas sales.
Debenhams was the major laggard for the sector, with shares falling as much as 8 percent after its trading update highlighted a slight dip in sales over the last 19 weeks.