European shares flat as traders brace for key euro zone data
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 gained 2.1% after the Danish bank reported its first-half results.
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