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EURONEXT:PX1, LSE:BATS, STOXX:SXXP, TVC:SXXP, XETR:DAX

European stocks hold steady

EUROPEAN STOCKS HOLD STEADYEuropean share indexes are mixed on Monday, with most major bourses hovering near the unchanged mark.Attention remains on the Middle East, although markets seem to be at ease with bouts of escalation for as long as traffic flows through the Strait of Hormuz.For now, the S…

EUROPEAN STOCKS HOLD STEADY

European share indexes are mixed on Monday, with most major bourses hovering near the unchanged mark.

Attention remains on the Middle East, although markets seem to be at ease with bouts of escalation for as long as traffic flows through the Strait of Hormuz.

For now, the STOXX 600 TVC:SXXP is up under 0.1%, holding just below its record high from last week.

Tech (.SX8P) leads gainers, recovering after a near 4% drop last week. The construction & materials sector (.SXOP) lags.

The FTSE CURRENCYCOM:UK100 and CAC EURONEXT:PX1 are a touch softer, while Germany's DAX XETR:DAX is up 0.3%.

In company news, British American Tobacco LSE:BATS shares are off about 1.5% after the company said it planned to reduce its workforce by about 20%.

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