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A SLOW START

It's been a slow start so far in Europe, the STOXX 600 is flat, as traders react to the uncertainty about U.S. trade policy, by doing pretty much nothing.

Maybe it's a case of rabbits frozen in headlights, or maybe everyone is entirely confident in their positioning heading into Wednesday, by when U.S. President Donald Trump says he will notify countries of higher tariff rates.

Even when it comes to single stocks, very few are more than a couple of percent higher or lower.

Among the bigger movers, in relative terms, is Capgemini CAPP.PA, down nearly 3%, with investors uninspired, at least initially by the French IT services firm buying technology outsourcing company WNS WNS.N for a cash payment of $3.3 billion.

Shell SHEL.L is down 2.8% after it trimmed the second-quarter outlook for its integrated gas division output, and guided for weaker trading results.

(Alun John)

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EARLIER LIVE MARKETS POSTS:

EUROPE BEFORE THE BELL, LOTS OF NEWS BUT WHAT TO DO? CLICK HERE

MORNING BID EUROPE: CHAGRIN AS TRUMP PLAYS THREE-CARD TRICK ON TRADE CLICK HERE