European stocks finished higher Tuesday, notching their first gain in five sessions, as investors appeared ready to receive a further signal that U.S. interest rates will be raised at a slow pace this year. Travel-related stocks in the region gained even in the wake of a Tuesday morning hijacking of an EgyptAir plane, which was forced to land at Larnaca Airport in Cyprus.

U.S. stocks reversed early losses Tuesday, with the S&P 500 and the Dow industrials rising to their highest close of 2016 after Federal Reserve Chairwoman Janet Yellen emphasized a cautious approach to normalizing monetary policy in light of fears about the domestic and international economy.

Based on MarketWatch materials