European stocks closed sharply higher on Tuesday, benefiting from some respite in global energy prices and a batch of optimistic corporate earnings. The Eurozone's STOXX 50 rose 1.8% to 5,870 and the pan-European STOXX 600 advanced 0.7%. Heavyweight industrials surged amid the pullback in oil and natural gas prices that Europe imports, with Siemens, Schneider, and Siemens Energy jumping between 5% and 3%. The war in Iran did not escalate to more aggressive striking following brief attacks from the US and Iran yesterday. Meanwhile, AB InBev surged close to 10% after beating estimates for its first-quarter earnings and recording the first growth in sales in around three years. UniCredit soared close to 7% after posting higher profits, raising its full-year outlook, and launching its bid to raise its stake in Commerzbank. Also, Rheinmetall jumped 3.3% after reporting a 7.7% increase in earnings.