European stocks remained stable on Monday, with gains in technology companies being offset by losses in the automotive sector. In company news, German luxury carmaker Porsche saw its shares fall by 4.7% after it lowered its profit forecast for 2025. This decision was made because the company is slowing down its plans for rolling out electric vehicles due to weaker demand. On the positive side, technology stocks rose by 0.9%, with chip manufacturers ASML and ASMI gaining 2.9% and 1.9%, respectively. In other currency news, the Australian dollar saw a small increase of 0.07% to $0.6595, getting some support from positive economic comments made by a senior central banker.