European markets touch two-week high, tracking positive global momentum

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European markets touch two-week high, tracking positive global momentum
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European stock markets were higher on Tuesday, tracking global counterparts as investors look to a fresh round of economic data this week.

Investors also continue to try to chart the course of monetary policy, after Federal Reserve Chairman Jerome Powell reiterated on Friday that the central bank could hike interest rates further, if inflation does not return to target.

"We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective."

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