Major European stock indices displayed muted trading on Monday, with both the STOXX 50 and STOXX 600 hovering around the flatline. This continued the cautious sentiment from the previous week, as investors maintained a wait-and-see approach, looking ahead to several crucial events that could impact market direction.

Key economic data points were in focus, with investors bracing for the release of negotiated wage growth figures, flash PMIs (Purchasing Managers' Indices), and final inflation figures for the Eurozone. These data points will offer valuable insights into the region's economic health and help market participants gauge the outlook for growth and inflation. The data will be closely watched, especially as central banks, including the European Central Bank, remain active in shaping monetary policy amid persistent inflationary pressures.

In addition to economic data, many investors were also looking forward to comments from various central bank officials, as any signals regarding future monetary policy decisions could influence market sentiment. With the backdrop of rising rates in multiple regions, the direction of monetary policy remains a key factor for markets across Europe.

Sector performance was varied on the day. Oil, gas, and tech stocks faced downward pressure, with ASML Holding falling by 0.9%, reflecting broader weakness in the technology sector. On the other hand, luxury goods giant LVMH saw a modest rise of about 0.5%, showing resilience amidst broader market uncertainty.

In contrast to the declines in oil, gas, and tech, mining shares gained ground, supported by steady demand for minerals and metals. Investors remain optimistic about the long-term demand for key resources, helping mining stocks outperform on the day.

As the week unfolds, market participants will continue to assess the economic data and watch for any hints regarding future monetary policy moves. The broader market sentiment will likely be shaped by these developments as investors look for clarity on the economic path ahead for Europe.

The Upcoming IPOs in this week and coming weeks are NTPC Green, Lomosaic India, C2C Advanced System, Rajesh Power Services, Rosmerta Digital, Avanse Financial and Nisus Finance.

The Current active IPO are Zinka Logistics Solution (Black Buck), and Onyx Biotec.

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