Sentiment in Europe has been given a boost by the positive close on Wall Street, with the blue chip Dow Jones Industrial Average gaining over 200 points or 0.6%, on indications that the Federal Reserve was close to concluding its rate hike cycle for the year.Asia stocks traded largely higher in early trade Tuesday, and Europe is likely to do the same, after several Fed officials on Monday said interest rates will have to rise further to contain inflation, but the end of the tightening cycle is in sight.Concerns that aggressive tightening by the U.S. central bank to curb inflation will result in the largest economy in the world, and major growth driver, falling into recession have weighed on global markets this year.Investing.com