European stocks closed sharply higher on Tuesday, building on gains seen in yesterday's trading session.
European markets
The pan-European Stoxx 600 ended the day up 3%, with travel and leisure stocks jumping 6.1% to lead gains as all sectors and major bourses entered positive territory. Also significantly higher were technology stocks, up 5%, and industrials, up 4.2%.
The British pound rose Tuesday after the U.K. government's dramatic policy U-turn and the yields on Britain's sovereign bonds also dipped lower after a heavy sell-off last week.
The higher trade in Europe comes after a rebound on Wall Street Monday and Tuesday. U.S. markets rallied to start the new month and quarter on a positive note, as Treasury yields eased from levels not seen in roughly a decade. Monday was the best day since June 24 for the Dow, and the S&P 500′s the best day since July 27.
U.S. stocks jumped in early deals, while Asia-Pacific shares also traded higher on Tuesday, bolstered by the rally on Wall Street.