European stocks are stable ahead of the European Central meeting

European stocks kicked off the week with little change as investors maintained caution ahead of the upcoming European Central Bank (ECB) monetary policy meeting later in the week. Although a rise in technology stocks partly offset losses in other sectors, the overall sentiment remained flat.

The European STOXX 600 index showed minimal movement by 0824 GMT, holding steady after reaching a record high level on Friday.

The technology sub-index, buoyed by the performance of artificial intelligence companies globally, saw a modest increase of about one percent. However, the personal and household goods sector experienced the most significant decline, slipping by 0.7 percent.

Shares of Delivery Hero climbed 5.3 percent following the announcement of a financing deal and other strategic initiatives in its debt management.

Meanwhile, Software One’s founding shareholders terminated their agreement with Bain Capital, an American investment company, to acquire the company. This development led to a 1.9 percent decline in shares of the Swiss IT services company.

Investors are closely monitoring the ECB’s meeting scheduled for Thursday. While the central bank is expected to maintain interest rates at four percent, it may revise its inflation forecast downward, hinting at the possibility of future rate cuts.