European shares remained subdued on Tuesday as investors hesitated to make significant moves ahead of key economic data from the eurozone, while energy stocks led declines following a drop in global oil prices.
The pan-European STOXX 600 index remained steady at 514.87 points as of 0710 GMT, after reaching a three-week high in the previous session.
The oil and gas sector was the worst performer on the benchmark index, falling nearly 1% as crude prices dipped due to easing geopolitical risks and weak demand from China.
In contrast, technology stocks rose by 0.6%, driven by a 1.3% increase in shares of the tech giant ASML Holdings.
Investors are closely watching the eurozone’s consumer price data, which is expected to be released at 0900 GMT.
In Germany, producer prices fell by 0.8% year-on-year in July, aligning with market expectations. The German DAX index edged up by 0.2%.
Sweden’s benchmark index remained flat as investors awaited the central bank’s rate decision at 0730 GMT.
Among individual stock movements, Jyske Bank gained 2.1% after the Danish bank reported its first-half results.
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