Dec 11 (Reuters) – European shares were muted on Thursday, as declines in technology stocks following a weak forecast from ‍U.S. cloud firm Oracle outweighed relief over the Federal Reserve’s comments that were less hawkish than expected.

The pan-European STOXX 600 was down 0.3% at 576.78 by 0809 GMT. Major regional bourses ‌were also lower, with ones in ‌London and France down 0.1% each.

Technology stocks dipped 0.9%, with Germany’s SAP falling 2.5%, after U.S. Peer Oracle forecast sales and profit that missed analysts’ estimates on Wednesday and raised its spending estimates.

Germany’s DAX was weighed down ‍by SAP, as Oracle’s results revived concerns over tech valuations and returns from hefty investments in artificial intelligence.

It ‍overshadowed relief from the Fed’s meeting, wh

See Full Page