European stocks closed higher on Tuesday following a recovery from market jitters in the U.S. late last week.
The pan-European Stoxx 600 ended the session up by about 0.7%, led by a 3.1% climb for auto shares.
Global markets appeared to be stabilizing throughout the European trading session, shrugging off the impact of a U.S. hedge fund default that hit global banking stocks on Monday.
However, U.S. stocks slipped lower on Tuesday despite the Dow Jones Industrial Average rising to a new record on Monday, as the benchmark U.S. 10-year Treasury yield began to spike once again.
Reference: CNBC
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