BLBG: European Stocks Little Changed Amid Earnings Before Fed Decision
European stocks were little changed, paring earlier gains, amid corporate earnings and before a Federal Reserve rate decision.
The Stoxx Europe 600 Index added less than 0.1 percent to 406.38 at 10:08 a.m. in London, paring an advance of as much as 0.5 percent. The gauge swung between gains and losses at least six times. Volkswagen AG and Cie. de Saint-Gobain SA rose at least 1.3 percent after quarterly results beat estimates. Antofagasta Plc and Outokumpu Oyj paced losses in miners.
Europe’s benchmark gauge tumbled 1.5 percent yesterday amid losses in health-care shares. It has still surged 19 percent in 2015 and last reached a record on April 15.
Investors are also awaiting cues from the Fed on the timing of a rate increase, after data pointed to a weakening U.S. economy. It expanded at a slower pace in the first quarter, a report at 8:30 a.m. in Washington may show. The Fed will probably hold rates at a record low this month, economists forecast before a decision due after European markets close.