European Stocks Close on Large Gains

European stocks settled higher on Tuesday with most of the market sectors showing a strong positive performance.

The pan-European Stoxx 600 index and FTSE100 both closed higher by 1.7% each.

Meanwhile, CAC40 and DAX gained 2.4% and 2.04%, respectively.

It is worth noting that markets are anticipating the approval for a new stimulus package by the U.S. Congress to face the effects of the COVID-19 pandemic.