Tech Giants Influence Steady European Markets Amid Geopolitical Concerns

European stocks were steady as SAP and Logitech's positive forecasts buoyed the tech sector, despite geopolitical tensions and mixed signals on U.S. interest-rate cuts. Notable gains in sectors such as employment and military hardware drove individual company stocks higher on a generally flat day for the STOXX 600 index.

European stocks remained stable on Tuesday, influenced by positive momentum from major tech companies SAP and Logitech. Despite this, investors navigated geopolitical tensions and uncertainty regarding future U.S. interest-rate cuts.

The STOXX 600 index saw a slight decrease of 0.02% as of 0716 GMT. This minor shift comes as investors brace for the upcoming U.S. Presidential elections, with little else on the events calendar to shift markets. While some U.S. Federal Reserve officials are in favor of further rate cuts, there's division on the pace and extent of such measures.

German software giant SAP advanced by 5% after boosting its full-year targets due to a robust cloud services segment. Similarly, Swiss firm Logitech rose 3% upon enhancing its annual forecast. In other sectors, Randstad's above-expected profits, coupled with gains for Saab, DNB, and Maersk, underscored a day of mixed individual performances.

(With inputs from agencies.)