European shares were little changed on Monday as uncertainty over the reopening of the Strait of Hormuz kept oil prices elevated, while investors turned their attention to a busy week of economic data and monetary policy signals, Reuters reported.
The pan-European STOXX 600 was broadly flat at 660.12 points as of 0715 GMT, after gaining 1.7% last week and closing at a record high on Friday. The rally was supported by expectations that weaker U.S. labour-market data could strengthen the case for lower borrowing costs, while solid corporate earnings in Europe and the United States also helped underpin investor sentiment.
