Market Analysis

European shares were subdued on Monday as investors awaited a series of significant economic reports expected later in the week.

The pan-European STOXX 600 index remained flat at 518.22 as of 0708 GMT. On Friday, the benchmark reached its highest level in over three weeks and marked its third consecutive week of gains.

In Switzerland, non-farm payrolls increased by 1.3% for the second quarter, according to data released on Monday. Investors are also anticipating German business sentiment data due at 0800 GMT, with detailed GDP figures for Europe's largest economy scheduled for Tuesday.

This week will also see the release of Eurozone industrial and economic sentiment reports, Spanish flash consumer prices, German retail sales, and preliminary consumer price data.

The week will wrap up with Eurozone flash inflation figures, preliminary consumer prices from France and Italy, German employment data, and personal consumption expenditure figures from the U.S.

On Monday, the technology sector was the largest drag on the STOXX 600, declining by 0.4%, while real estate stocks managed to offset losses with a 0.5% gain.

In individual stock movements, P/F Bakkafrost dropped 2.5% after the Faroese salmon farming company reported second-quarter revenue below expectations.

London markets were closed for a holiday.

Paraphrasing text from "Reuters" all rights reserved by the original author.