European shares steady as traders brace for key eurozone data By Reuters

(Reuters) – European shares were lower on Tuesday as investors refrained from placing big bets ahead of key eurozone data, while energy shares were the biggest laggards after global oil prices fell .

The pan-European index held steady at 514.87 points as of 0710 GMT, after hitting a three-week high in the previous session.

The oil and gas sector was the benchmark’s biggest loser, down nearly 1 percent, as crude oil prices eased on easing geopolitical risks and weak demand from China. (OR)

Technology shares gained 0.6%, led by a 1.3% rise in ASML ( AS: ) Holdings.

On investors’ radar is consumer price data from the euro zone, which is scheduled to drop at 0900 GMT.

German producer prices fell 0.8 percent year-on-year in July, in line with forecasts. Germany’s benchmark ticked 0.2% higher.

The Swedish benchmark was flat ahead of the central bank’s rate decision at 0730 GMT.

Among individual stock moves, Jyske Bank gained 2.1 percent after the Danish bank reported its first-half results.