The major European stocks closed slightly higher on Monday with investors largely making cautious moves, reacting to the results of the German federal election, and ECB President Christine Lagarde's comments that inflation in the euro area could exceed projections but price increases are likely be temporary.
Olaf Scholz of the center-left Social Democrats defeated Chancellor Angela Merkel's conservatives in an extremely tight German federal election, setting in motion what could be months of complex coalition talks to decide who will lead Europe's biggest economy.
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