European stocks closed higher on Tuesday, wrapping up their best quarterly performance in five years.
The pan-European Stoxx 600 closed up by 0.25% provisionally, but was up almost 13% in the first quarter. It marks the best quarter for the index since the first quarter of 2015.
European markets whipsawed throughout Tuesday’s session, struggling to follow the positive trend set by markets in Asia Pacific, which rose as China’s official manufacturing Purchasing Manager’s Index for June came in above expectations.
On Wall Street, the main stock indexes were mostly higher, but gains were capped with investors are wary of developments in the coronavirus pandemic. Still, U.S. equities were on track to wrap up their best quarterly performance in decades.