Europe Stock Market Remains Flat

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Europe Stock Market Remains Flat

Stoxx 600 Remains Flat Ahead Of Data Heavy Week

Most of the European stock markets remain flat on Monday as the traders brace themselves for a data-heavy week. The STOXX 600 index, in particular, is trading near 518.22 and is almost flat for the day.

Last Friday, the STOXX 600 reached its highest level in almost three weeks and also closed its 3rd week in green. Today (Monday), the index is showing little to no movement, which is a sign that investors are waiting for economic data.

Switzerland'S Nfp Shows 1.3% Growth

Meanwhile, the NFP from Switzerland showed a 1.3% jump in the 2nd quarter. Now, investors await the business sentiment data from Germany. On Tuesday, Germany's GDP numbers will also be released.

And that's just the start, as more data from Europe will also be released this week. Including Spanish consumer prices, Eurozone economic sentiment, German retail sales, and so on. In short, the week remains data-heavy with serious implications for the European stock markets.

Coming back to STOXX 600, the biggest drag for the index is the technology sector which is down by 0.4% for the day. However, this loss is offset by gains in real estate stocks which are up by 0.5%.

If we look at individual stocks in Europe, the P/F Bakkafrost has lost 2.5% of its value. This decline comes on the news that the company has missed its revenue estimates for the 2nd quarter.

The markets in London will remain closed due to a holiday. So, that's also a solid reason why there is so little movement in the European stock markets.

Nonetheless, we will start to see some action in the European stock markets starting from Tuesday. As the economic data continues to be released, the volatility in the EU markets will also increase likewise.

We are also very close to the Fed's meeting, which is now just a few weeks ago. Generally, a rate cut will benefit the stock markets worldwide, including those in the Europe.

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