European stocks soar to records in tandem with Wall Street

European stocks surged on Tuesday, to jump to all-time highs and continue their rally for the second straight day, amid strong sentiment after Wall Street posted large gains yesterday, in addition to a slowdown in new cases of the coronavirus in China.

The Stoxx Europe 600 index was higher by 0.6% at 11:55 GMT, reaching its all-time high of 428.30 points, as it also closed higher by 0.1% yesterday, on news about large acquisitions in the defense sector.

The European pan index opened today's session higher, jumping to its all-time highs and continued rising for the second straight day, with most of the major European exchanges and sectors rising today.

The travel and leisure sector saw the largest gains in Europe today, rising more than 1.4%, after the recent developments in the coronavirus outbreak in China.

S&P 500 futures rose 0.3% today, and reached all-time high, after the index closed higher by 0.7% yesterday at Wall Street, posting its record high of 3,352.26.

The Chinese health authorities revealed today that the coronavirus has infected 42,638 people, and its deaths toll rose to 1,016 victims.

According to the data, the number of the new infected cases is slowing down, spurring hopes about the possibility of containing the deadly outbreak.

Back to Europe, the Euro Stoxx 50 index added 0.7%, the German DAX surged by 0.9%, France's CAC 40 rose by 0.5%, and the UK's FTSE 100 rose by 0.8%.