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European shares subdued ahead of data-heavy week
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European shares subdued ahead of data-heavy week
Aug 26, 2024 1:34 AM

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

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

Aug 26 (Reuters) - European shares were subdued on

Monday ahead of a raft of key economic data this week.

The pan-European STOXX 600 index was flat at 518.22

by 0708 GMT. The benchmark touched its highest level in more

than three weeks on Friday and logged gains for the third

straight week.

Switzerland's non-farm payrolls rose 1.3% for the second

quarter, according tot data on Monday, while German business

sentiment data is expected at 0800 GMT, and detailed GDP figures

for Europe's largest economy are due on Tuesday.

Eurozone industrial and economic sentiment, Spanish flash

consumer prices, German retail sales, and preliminary consumer

prices are also expected this week.

The week will conclude with Eurozone flash figures, French

and Italian preliminary consumer prices, German employment data,

and personal consumption expenditure figures from the U.S.

On the day, the technology sector was the biggest

drag on the STOXX 600, declining 0.4%, but losses were offset by

a 0.5% gain in real estate stocks.

Among individual stocks, P/F Bakkafrost ( BKFKF ) fell 2.5%

after the Faroese salmon farming firm missed estimates for

second-quarter revenue.

London markets are closed for a holiday.

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