European stocks closed higher on Tuesday, bouncing back from heightened investor nerves over a Chinese property developer and ahead of a two-day meeting of the U.S. Federal Reserve. The pan-European Stoxx 600 index closed up 1%, led by travel and leisure stocks which climbed 3.2%, as most sectors and major bourses entered positive territory. Oil and gas stocks rose 1.4% amid consumer and business worries over a shortage of natural gas in the region.Looking at individual shares, Entain surged 18% to the top of the Stoxx 600 after CNBC reported DraftKings had made a $20 billion takeover offer for the British online sports betting and gambling firm. In a filing with the London Stock Exchange, Entain's board confirmed it received a proposal from DraftKings. The filing did not contain any information on the price of the offer. Meanwhile, Universal Music Group shares surged in its stock market debut on Tuesday which marked Europe's largest listing, so far, of 2021. The company was la...