European Stocks

The pan-European STOXX 600 closed up 0.7% after a choppy session with automakers, financial services, banks and insurers the top gainers, rising between 1.6% and 2.4%.

Spain has converted hotels into makeshift hospitals and turned an ice rink in Madrid into a temporary morgue

The U.K. stock market, which has been among the world's strongest underweight positions in the years after the Brexit referendum surged on Friday after the election results

Sterling hit an eight-month high at $1.3190, one day after reaching a 2.5-year peak versus the euro

Wall Street and European stocks rebounded more than 1 percent on Monday in rallies that, along with robust gains in the dollar and global oil markets, showed investors were tilting toward riskier assets.

Germany's DAX, France's CAC 40 and the UK's FTSE 100 all fell 0.1 percent