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European shares flat as traders brace for key euro zone data
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European shares flat as traders brace for key euro zone data
Aug 20, 2024 12:43 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window)

Aug 20 (Reuters) - European shares were subdued on

Tuesday as investors refrained from placing massive bets ahead

of key data from the euro zone, while energy stocks were the

biggest laggards following a drop in global oil prices.

The pan-European STOXX 600 index held its ground at

514.87 points, as of 0710 GMT, after touching a three-week high

in the previous session.

The oil and gas sector was the biggest loser in the

benchmark index, dropping nearly 1%, as crude prices edged lower

on easing geopolitical risks and weak demand from China.

Technology stocks gained 0.6%, led by a 1.3% jump in

heavyweight ASML Holdings.

On investor radar is euro zone's consumer price data that is

scheduled to drop at 0900 GMT.

German producer prices decreased 0.8% on the year in July,

in line with forecasts. The German benchmark DAX ticked

0.2% higher.

The Swedish benchmark was flat ahead of its

central bank rate decision at 0730 GMT.

Among individual stock moves, Jyske Bank ( JYSKF ) gained

2.1% after the Danish bank reported its first-half results.

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