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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.