European stocks jumps near all-time highs

European stocks rose on Tuesday, rising for the eighth straight day, near all-time highs thanks to improved market sentiment following Wall Street's record rally, ahead of the Federal Reserve monthly meeting today, which is expected to shed some clarity on the future of US monetary policy. 

The Stoxx Europe 600 index rose 0.25% as of 11:22 GMT, after closing higher by 0.2% yesterday and hit its all-time high at 460.51 points.

The travel sector saw the largest gains in Europe today, with a jump of more than 0.75%, thanks to hopes of strong gains during the second half of this year, especially after easing the lockdown restrictions in the old continent.

S&P 500 futures rose more than 0.2% today, and hit an all-time high ahead of Wall Street's opening, after the index ended higher by 0.2% yesterday and posted a record of 4,255.59 points.

The US Federal Reserve is convening later today to decide on monetary policy and provide clarity over the future of monetary policy in the US. 

Back to Europe, the Euro Stoxx 50 index rose 0.3%, France's CAC 40 rose 0.5%, Germany's DAX index rose 0.6%, and the UK's FTSE 100 rose 0.5%.