European markets closed slightly higher Monday as investors prepared for a week of major central bank meetings in the U.S., Asia and Europe.

The pan-European Stoxx 600 index was ended up 0.1%, with most sectors in positive territory. Autos stocks led the gains, roughly 1.3% higher.

Oil and gas stocks, meanwhile, fell 1.3% as crude prices tumbled, with international benchmark Brent crude futures down 2.8% at $72.64 per barrel. Mining stocks were 1.3% lower as the sectors continue to react to recent weak Chinese data and demand concerns.

Switzerland's UBS moved higher after announcing it had completed the takeover of its embattled former rival Credit Suisse, which will cease trading. Under the terms of the deal, Credit Suisse shareholders receive one UBS share for every 22.48 outstanding shares held.

Shares of the bank closed up nearly 1% after it said it expected that Credit Suisse's operating losses and "significant" restructuring charges would be offset by reductions in risk-weighted assets.

Source : CNBC