2017.05.2305:24:00UTC+00European Stocks Steady as Trump, Manchester Blast Eyed

European markets were flat as investors priced in the latest U.S. political developments as well as a terrorist bombing in the U.K.

The pan-European Stoxx 600 Index was at 391.18. Germany's DAX climbed 0.2 percent and eurozone blue chips were 0.3 percent higher. The U.K.'s benchmark FTSE 100 Index was flat at 7502.55.

Technology shares gained the most, led by Nokia. The mining sector dropped the most, tracking commodity prices lower. The Stoxx 600 fell less than 0.1 percent on Monday, with banks leading declines.

Shares of Nokia rose over six percent to its highest level since February 2016. Nokia and Apple have reached an agreement on their intellectual property dispute and agreed on a multi-year license.

Basic resources stocks led declines as steelmakers prepared measures in response to volatile coking coal prices. BHP Billiton, Rio Tinto and Anglo American all slipped 0.9 percent to 1.2 percent as the price of copper inched down.

Among shares active on corporate news, Electrocomponents climbed almost three percent after posting a rise in full-year pretax profit of £127 million ($165.2 million) from £34.9 million the previous year.

French media firm Vivendi also climbed around three percent after a Wall Street Journal report stated that the company could float a minority stake in Universal Music Group.

Swiss company Clariant fell at the bottom of the Stoxx 600, with shares taking a breather following solid gains the previous day. It also came after news that it will merge with Huntsman Corp which could create a chemical giant valued around $14 billion.