European shares steady as tech gains offset Middle East ceasefire caution

European STOXX 600 held steady at 636.13 points, with tech stocks gaining 1.1% on easing AI valuation concerns. India's Persistent Systems offered about 81 euros per share to acquire AI-led digital engineering firm Nagarro, sending Nagarro shares soaring 90%. J.P. Morgan raised its year-end target for European equities citing corporate earnings strength and improved geopolitical climate, while focus shifts to the ECB's Sintra conference where monetary policy outlooks from Fed and ECB leaders will be scrutinised.