Key facts
- European shares were subdued in early trading on Monday.
- The pan-European STOXX 600 index was flat at 636.26 points by 0809 GMT.
- Oil prices dipped on hopes of de-escalation in the Middle East conflict.
- The energy sector was down 0.7%.
- Travel stocks were up roughly 1%.
- Galp Energia reported a 68% rise in third-quarter adjusted net profit, beating expectations.
European shares were subdued in early trading on Monday as investors digested a slate of corporate earnings and upheaval in France. The pan-European STOXX 600 index was flat at 636.26 points by 0809 GMT, following its steepest weekly loss since early September. Oil prices dipped on hopes of de-escalation in the Middle East conflict, with top officials from Saudi Arabia, Turkey and Pakistan set to meet Iran's leaders in Tehran on Monday. The energy sector was down 0.7%, while travel stocks rose approximately 1%. Portugal's Galp Energia reported a 68% rise in third-quarter adjusted net profit, beating expectations, though its shares fell 8.5%. Technology services provider Computacenter gained 6.8% after raising its annual profit guidance.