European shares were steady on Monday, with technology and commodity-related stocks rising, as investors began a holiday-shortened week on a quiet note after the previous session's record close.
The pan-European STOXX 600 index settled at 587.57 points, Germany's DAX index rose 0.2% to 24,343.35 points, Britain's FTSE 100 index fell by about 0.2% to 9,873.33 points, and France's CAC index declined by 0.15% to 8,138.78 points.
The Stoxx 600 index rose more than 1% last week after US consumer price inflation slowed, boosting expectations of further interest rate cuts by the Federal Reserve, while the European Central Bank held its monetary policy rates steady and took a more positive stance toward the Eurozone economy.
Most sectors retreated after strong gains on Friday, while technology stocks rose 0.6% after ending last week down 0.9%.
Commodity-related sectors traded higher, with mining stocks rising 1.2% after gold prices surpassed $4,400 an ounce for the first time, and copper prices hit a new record high.
Shares of oil companies also rose by 0.3%, influenced by the rise in crude oil prices.
The focus is expected to remain on the US GDP reading, among the final economic indicators before markets enter the holiday period later in the week.
