European Shares Steady Ahead of Key Inflation Data

European shares remained stable on Tuesday after a previous 1% drop. Investors are anticipating crucial inflation figures for the region. The pan-European STOXX 600 held its ground, with tech stocks rising and energy stocks falling. Significant individual stock movements included Covestro and Anheuser-Busch InBev.

European shares remained stable on Tuesday, following a 1% drop in the previous session, as investors awaited crucial inflation data for the region later in the day.

The pan-European STOXX 600 index held steady at 522.97 by 0710 GMT after experiencing its worst day in over a week on Monday. Tech stocks provided the biggest boost to the index, rising by 0.5%. Energy stocks, however, were a significant drag, with Neste Oyj falling nearly 5%.

Eurozone's flash PMI figures for September are expected at 0900 GMT, along with manufacturing PMIs for Germany, France, Italy, and Britain, due within the first trading hour. Speeches from the European Central Bank's Vice President Luis de Guindos and policymaker Olli Rehn are also anticipated. Among individual stocks, Covestro surged 4% after Abu Dhabi National Oil Company (ADNOC) announced a deal to acquire the German chemicals producer for 14.7 billion euros ($16.4 billion). Anheuser-Busch InBev rose 2.6% after Citigroup upgraded the Budweiser brewer's rating to 'buy' from 'neutral'.

(With inputs from agencies.)