European Stocks Close Higher

European stocks closed higher on Tuesday, amid investor hopes that the Federal Reserve is nearing the end of its rate-hiking cycle, while China extended some of its monetary policy measures to support the struggling real estate sector. The Stoxx 600 index rose by 0.7%, marking a third consecutive day of gains. Irish stocks surged 2.1%, leading the European market. The rise in Irish stocks was driven by a 15.7% gain in King'span shares following expectations of record profits in the first half of the year. Mining was among the strongest sectors in Europe, climbing 1.8% as rising metal prices benefited from Beijing's support for the real estate market.