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July 23 (Reuters) - European shares opened subdued on
Tuesday, as metal miners partially offset a technology-related
rally fuelled by robust earnings from SAP and Logitech.
The pan-European STOXX 600 index was flat at 514.9
points, as of 0715 GMT, after posting its best day in more than
a month on Monday.
Earnings updates grabbed investor attention, with SAP
jumping 6.2% after Europe's largest software maker
reported a 25% jump in its cloud business and beat analysts'
estimates for second-quarter revenue.
Shares of Logitech International advanced 2.3%
after the computer mouse maker raised its full-year sales and
profit outlook on strong quarterly growth.
The technology sub-index, which houses both the
stocks, advanced nearly 1%.
A 1.5% fall in metal miners, however, weighed on the
benchmark index as copper prices came under pressure due to
concerns over top consumer China's demand outlook.
New data and macro-economic projections will help the
European Central Bank reassess its monetary policy stance in
September, ECB Vice President Luis de Guindos said in an
interview with Europa Press.