London: There was no significant change in European stocks on Monday, as automotive company losses erased technology stock gains, while investors await remarks from several Federal Reserve officials (US central bank) later today. The European STOXX 600 index remained stable at 553.9 points, while Spanish stocks fell 0.9 percent, lagging regional markets.

According to Qatar News Agency, German luxury carmaker Porsche’s stock dropped 4.7 percent. Volkswagen’s shares fell 4.5 percent, after it lowered its profit expectations for the current year. Meanwhile, technology sector stocks rose 0.9 percent, driven by gains in chip manufacturers. ASML stocks rose 2.9 percent, while ASMI stocks rose 1.9 percent. At the same time, shares of Dutch geographic data specialist Fugro dropped 11.9 percent.