U.S. stock market indexes advanced strongly by the close of Tuesday's trading.

The Dow Jones Industrial Average advanced one percent to end at 12,076. The S&P 500 gained 1.3 percent to finish at 1,288 and NASDAQ rose 1.5 percent to close at 2,679.

European stock markets closed higher. London's Financial Times 100 index gained half a percent to end at 5,803. The CAC-40 in Paris moved up 1.5 percent to close at 3,865. And the DAX in Frankfurt jumped 1.7 percent to finish at 7,205.

Earlier in Asia, Tokyo's Nikkei index gained 1.1 percent to finish at 9,548. Hong Kong's Hang Seng index lost one-tenth of a percent to finish the day's trading at 22,496.

The price of gold gained more than $9 to trade at $1,524.93 an ounce.

The dollar was higher against the yen but lost value compared to the euro.