European stocks concluded a choppy trading session in positive territory on Tuesday, as investors awaited the outcome of the U.S. presidential election. A win for Democratic nominee Clinton is overall favored by the financial markets as it presents the possibility of more stability for markets compared with a victory for her opponent, Republican nominee Donald Trump.

U.S. stocks came off session highs but ended with gains Tuesday as Americans cast their votes in a historic presidential election. Although official results won't be seen for hours, Wall Street appears to be betting on a Hillary Clinton victory.

Asian equity markets tumbled Wednesday, as investors reacted to the increasing likelihood that Republican candidate Donald Trump will become the next U.S. president.