European stocks traded higher on Tuesday following a rally in U.S. stocks on Monday. The pan-European Stoxx 600 index was trading 0.9 percent higher with all sectors in positive territory except Banks, down by 0.9 percent, CNBC reports. Sentiment in Europe has been buoyed by a rally in U.S. stocks on Monday that came after President Donald Trump signed a US$900 billion coronavirus relief package into law; the measure includes a direct payment of US$600 to most Americans.

Source: The Standard December 29, 2020 07:41 UTC