European Shares Subdued Amid Anticipation for Key Economic Data

European shares remained subdued on Monday, with the STOXX 600 index flat at 518.22. The market's performance comes ahead of significant economic data releases this week, including German business sentiment and detailed GDP figures. The technology sector was the biggest drag, declining 0.4%.

European shares were subdued on Monday as investors awaited a raft of significant economic data scheduled for this week.

The pan-European STOXX 600 index remained flat at 518.22 by 0708 GMT. This follows the index reaching its highest level in over three weeks on Friday and marking its third consecutive week of gains. Switzerland reported a 1.3% rise in non-farm payrolls for Q2 on Monday. German business sentiment data is anticipated at 0800 GMT, with detailed GDP figures for Europe's largest economy to be released on Tuesday.

This week will also see the release of Eurozone industrial and economic sentiment data, Spanish flash consumer prices, German retail sales, preliminary consumer prices, and more. The week will conclude with Eurozone flash figures, French and Italian preliminary consumer prices, German employment data, and U.S. personal consumption expenditure figures.

On Monday, the technology sector was the biggest laggard on the STOXX 600, declining by 0.4%, counterbalanced by a 0.5% gain in real estate stocks. Among individual stocks, P/F Bakkafrost dropped 2.5% after the Faroese salmon farming company fell short of second-quarter revenue estimates. London markets remained closed for a holiday.

(With inputs from agencies.)