India, June 24 -- European stocks opened on a strong note Tuesday after the office of Israeli Prime Minister Benjamin Netanyahu and Iranian state media outlet Press TV confirmed a ceasefire had begun.
In economic news, German business morale improved more than expected in June amid improvement in companies' future prospects, a survey showed. The Ifo institute's business climate index rose to 88.4 from 87.5 in May.
The focus now turns to U.S. Federal Reserve Chair Jerome Powell's upcoming testimony before Congress later in the day.
The pan-European STOXX 600 jumped 1.3 percent to 542.16 after closing 0.3 percent lower on Monday.
The German DAX rallied over 2 percent, France's CAC 40 gained 1.3 percent and the U.K.'s FTSE 100 was up 0.4 p...