STOXX indices flat as traders await key economic events

The STOXX 50 and the STOXX 600 remained unchanged on Monday, hovering around the flatline as traders exercised caution at the start of a busy week.

STOXX indices flat as traders await key economic events

The US presidential election and the FOMC decision are expected to be the week's key events, alongside corporate earnings, critical economic data, and an interest rate decision from the Bank of England. Energy stocks performed well, boosted by rising oil prices following OPEC+’s decision to delay production plans. RWE (+0.6%), Eni (+0.4%), and Repsol (+0.4%) all saw gains, while EssilorLuxottica climbed over 1%.

ASML, Ryanair, and Schneider Electric shares fall

In contrast, ASML Holding fell 1.1%, and Ryanair dropped 2.3% after reporting a profit decline. Schneider Electric also slipped 0.6% after its board removed the CEO from office.