Major European stock markets finished significantly higher on Tuesday, following recent macroeconomic updates, a rally in oil prices and the hopes of a possible rate hike by the Fed later in the year. Germany's DAX 30 Index grew 1.66% to 10,289.36, while Britain's FTSE 100 Index rose 0.18% to 6,284.53 points. Meanwhile, France's CAC 40 Index added 1.19% to 4,475.86, whereas the pan-European Euro Stoxx 50 Index jumped 1.31% to 3,041.08 points.