European stocks surge but US stocks slip

Markets were mostly higher on Tuesday.

The STOXX Europe 600 jumped 2.5 percent. France saw the biggest gains, with the CAC 40 surging 2.8 percent.

In Asia, Japan's Nikkei 225 index rose 1.2 percent and Hong Kong's Hang Seng index gained 1.2 percent but the Shanghai Composite Index slipped 0.1 percent.

In the US, the S&P 500 rose early in the trading session but gave up the gains to close 0.1 percent lower.