European shares flat after best week in three months
- European shares opened flat on Monday, following their best weekly jump in three months, as investors prepared for another data-heavy week, with focus on U.S. Federal Reserve Chair Jerome Powell's speech at Jackson Hole for interest rate cut clues.), Saab Ab, Thales , Leonardo and Dassault Aviation falling between 1.4% and 4.3%, following reports in Germany that Berlin will limit military aid to Ukraine due to budget restrictions.
However, the main focus this week is the global central bank gathering at Jackson Hole, Wyoming, where Powell is expected to speak on Friday and likely give some cues on the Fed's monetary policy path.
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