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European stocks close slightly higher as investors digest U.S. inflation data; Delivery Hero up 26%

This is CNBC's live blog covering European markets.

European stocks closed slightly higher on Tuesday as global investors reacted to the latest U.S. inflation data.

The pan-European Stoxx 600 index provisionally ended 0.2% higher, with most sectors in positive territory. Auto stocks led the gains, up more than 1.4% for the session.

Shares of Delivery Hero jumped 26% on Tuesday after it announced that Uber would buy its Foodpanda business in Taiwan as part of a wider $1.25 billion deal. Rival delivery firms Just Eat and Hellofresh also gained on the news.

Meanwhile, shares of British miner Anglo American fell 3.4% after it announced a strategic overhaul to simplify its business amid ongoing takeover attempts by rival BHP Group.

In the U.S., April's producer price index reading came in above estimates, indicating that inflation remained elevated in the second quarter. The PPI gained 0.5% from April, higher than the 0.3% that economists polled by Dow Jones had anticipated.

U.S. stocks moved higher on Tuesday as traders looked for clarity on the outlook for Federal Reserve monetary policy.

Overnight, Asia-Pacific markets pared gains hours after opening higher on Tuesday as stocks on Wall Street stumbled Monday, with the Dow Jones Industrial Average snapping an eight-day winning streak.

European markets on Tuesday provisionally ended 0.2% higher, with most sectors in positive territory although major bourses were mixed.

Autos stocks led the gains, up 1.4%, while telecoms stocks rose 1.2%.

— Sam Meredith

Oil prices were lower on Tuesday as energy market participants digested U.S. data that indicated inflation remains sticky.

International benchmark Brent crude futures with July delivery fell 1.3%, or $1, to trade at $82.29 per barrel,