European markets opened sharply higher Tuesday as investors hope that the region could be seeking a plateau in the coronavirus outbreak.

The pan-European Stoxx 600 jumped 2.6% in early trade, with travel and leisure stocks surging 6.3% to lead gains as all sectors and major bourses entered positive territory.

Markets in Europe will also be reacting to the news last night that U.K. Prime Minister Boris Johnson had been moved to intensive care as his coronavirus symptoms worsened, according to a statement from the government.

Foreign Secretary Dominic Raab will temporarily take over the prime minister's duties while Johnson is hospitalized.

Source : CNBC