European Stocks Close Higher, Up Around 2%

European stocks closed higher Tuesday, posting around 2% daily gains.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, rose 11.47 points, or 2.45%, to close at 480.18.

London's FTSE 100 increased 107 points, or 1.49%, to end the day at 7,339.

Germany's DAX 30 was the best performer of the day, gaining 433, or 2.82%, to 15,813 points.

France's CAC 40 rose 199 points, or 2.91%, to 7,065.

Italy's FTSE MIB 30 jumped almost 640 points, or 2.4%, to end the day at 27,137.

Spain's IBEX 35 soared 119 points, or 1.42%, to close at 8,559. -