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European Stocks Close Higher as Investors Await Tuesday's U.S. Inflation Data

European Stocks Close Higher as Investors Await Tuesday's U.S. Inflation Data

The pan-European Stoxx 600 closes up 0.5% at 487.46, boosted by gains for U.S. stocks and reported weekend comments from European Central Bank official Fabio Panetta that the time for cutting interest rates was "fast approaching.