European stocks were steady on Tuesday after closing down 1% in trading yesterday, as investors prepared for regional inflation data due later in the day.

The pan-European STOXX 600 index was flat at 522.97 points, after posting its worst daily performance in more than a week yesterday, according to Reuters.

Technology stocks were the biggest support for the index, rising 0.5%.

The energy sub-index fell about 5%.

The eurozone's preliminary PMI figures for September are due out, while manufacturing PMIs for the bloc as well as Germany, France, Italy and the UK are expected to fall in the closely watched data.

ECB Vice President Luis de Guindos and ECB Policymaker Olli Rehn are also expected to deliver press statements.

Among individual stock moves, Covestro jumped 4% after Abu Dhabi National Oil Company (ADNOC) said it had agreed to buy the German chemicals producer for 14.7 billion euros ($16.4 billion).

Anheuser-Busch Inbv shares rose 2.6% after Citigroup upgraded the company.

The greenback index rose at the beginning of the day to 100.82. The euro stabilized at $1.11355.

The Australian dollar rose 0.09% to $0.69185.

The New Zealand dollar was trading at $0.6322, down 0.47%.