Defence stocks down on Germany39;s military aid limit to Ukraine
Nexans down after Goldman Sachs cuts rating
STOXX 600 up 0.1

Aug 19 Reuters European shares fluctuated on Monday after their best weekly gain in three months, as investors braced for a dataheavy week with a focus on U.S. Federal Reserve Chair Jerome Powell39;s speech at Jackson Hole for clues on potential rate cuts.

The panEuropean STOXX 600 index moved between 0.1 and 0.1 during the morning session. It was last up 0.1 at 512.05 points.

Defence stocks fell, with Rheinmetall, BAE Systems, Saab Ab, Thales, Leonardo and Dassault Aviation down between 1.6 and 6 following reports that Berlin will limit military aid to Ukraine due to budget restrictions.

The industrial goods and services sector, housing almost all defence companies, lost 0.2.

Basic resources rose to the top with a 1.3 gain after copper prices ticked 1.1 higher with fears of a U.S. recession fading.

The benchmark index has recovered all losses from a recent selloff and returned to the 511 level that was last seen on August 1.

The consolidation phase is going last for the next few days.. It39;s at that point where indecision creeps in again. It39;s now back to assessing what39;s out there and how these factors can impact, said Daniela Hathorn, senior market analyst at Capital.com.

Following a datapacked week that propelled the STOXX 600 to its best performance in three months, investors are now gearing up for another week brimming with…