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European stocks closed higher Monday as investors monitor progress on various coronavirus vaccines, with markets looking to recover from consecutive losses fueled by the tech sector at the end of last week.

The pan-European Stoxx 600 provisionally closed 1.6% higher, with autos adding 2.6% to lead gains as all sectors and major bourses entered positive territory.A gauge of global stocks last week notched its biggest weekly percentage decline in almost three months as a downturn for U.S. tech megastocks, which had fueled much of the country’s equity market recovery, weighed on sentiment.

Reference: CNBC