stocks gain after global selloff

LONDON — European stocks closed higher on Tuesday, rounding off a choppy session following Monday’s global rout.

The pan-European Stoxx 600 closed up 0.2%, finding its footing after U.S. stock markets opened in the green, though paring gains shortly before the session end.

The index had fluctuated above and below the flatline through Tuesday after tumbling by more than 2% in each of the previous two sessions.

Sectors mainly finished higher, with technology stocks, among the most volatile at the start of the week, up 1.8%.

Ben Gutteridge, portfolio manager at Invesco, told CNBC’s “Squawk Box Europe” Monday morning that there could be more volatility ahead in the coming weeks.

“Playing out from here it’s very difficult to call, I think we’ve got this black hole in terms of data and central bank communications. We’ve got some earnings, but Nvidia earnings aren’t coming for a few weeks yet,” Gutteridge said.

“The asymmetry’s not favorable at this moment over the coming weeks, there doesn’t seem to be that catalyst to get markets firing again, and the worry is you get this self-feeding volatility frenzy as markets sell-off, risk positions have to be reduced, that’s taking more money out of equities, bond yields fall as equities get more nervous.”