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European shares muted ahead of ECB meeting
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European shares muted ahead of ECB meeting
Mar 4, 2024 10:43 PM

(For a Reuters live blog on U.S., UK and European stockmarkets, click or type LIVE/ in a news window)

March 4 (Reuters) - European shares started the week ona subdued tone as investors remained cautious ahead of EuropeanCentral Bank's monetary policy meeting later in the week, whilestrength in technology stocks partially offset losses in othersub-indexes.

The pan-European STOXX 600 was flat by 0824 GMT,following a record-high close on Friday.

The technology sub-index tracked a global rally inAI shares and jumped nearly 1%, while the personal and householdgoods shares were the top laggards with a 0.7% slump.

In corporate updates, shares of Delivery Heroadded 5.3% after the online takeaway food company announced afinancing deal and other moves on its debt.

The founding shareholders of SoftwareOne havescrapped their agreement with U.S. investor Bain Capital to buythe firm, taking the shares of the Swiss IT services companydown 1.9%.

The ECB meets on Thursday and is expected to keep rates at4%, but the central bank is also likely to lower its outlook forinflation in a nod to eventual cuts.

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