European markets close 1.1% higher as UK's FTSE 100 hits another record

This was CNBC's live blog covering European markets.

European markets closed higher Tuesday, with the U.K.'s FTSE 100 hitting a fresh intraday record high as investors built on positive momentum in the previous session.

The pan-European benchmark Stoxx 600 index provisionally closed 1.1% higher, with all sectors bar mining trading in the green, as investors eyed strong euro zone business activity data and the potential for upcoming interest rate cuts.

The U.K.'s FTSE 100 marked an all-time intraday high of 8067.73 in early deals, before paring gains on hawkish comments made by the Bank of England's chief economist, Huw Pill. The index nonetheless extended the record close set on Monday, finishing at 8044.81 points.

Investors in the region are looking ahead to bank earnings this week, and will be keeping an eye on a range of tech earnings stateside, with Tesla reporting during U.S. trading hours Tuesday.

In Europe Tuesday, Renault, Kering, OVH, Novartis and Associated British Foods all reported earnings.

Overnight, Asia-Pacific markets extended gains from Monday as investors look toward flash business activity figures from Australia, Japan and India. U.S. stocks rose at Tuesday's open.

European stocks closed higher on Tuesday, with the benchmark Stoxx 600 index ending the session up by 1.1%.

Germany's DAX index led major bourses with a 1.6% gain, while France's CAC 40 rose 0.8%. The U.K.'s FTSE 100 set a second straight record close after climbing 0.25%.

— Jenni Reid

U.K. stocks remained in positive territory on Tuesday afternoon, with the blue-chip FTSE 100 index 0.25% higher at 3:50 p.m. London time, after Bank of England Chief Economist Huw Pill delivered a speech that was perceived by many investors as hawkish.

Equity gains