European stocks rallied on Tuesday, taking heart from signs of a slowing spread of the coronavirus pandemic and the possibility that a new round of U.S. stimulus will get enacted.
Up 0.3% on Monday, the Stoxx Europe 600 SXXP, 1.98% rose 2.1%.
Travel and leisure plays led the rise, with gainers including International Airlines Group IAG, 6.79%, cruise operator Carnival CCL, +5.36% and InterContinental Hotels IHG, 5.12%, which reported a loss and said it wouldn’t pay a dividend.
