European Stocks Are Little Changed; Alcatel Gains

European stocks were little changed as U.S. lawmakers continued talks for a new budget agreement.

Alcatel-Lucent SA surged 8.1 percent after saying it reached a $2.1 billion financing deal with Goldman Sachs Group Inc. and Credit Suisse Group AG. Fiat SpA (F), which owns 58.5 percent in Chrysler Group LLC, fell 2.3 percent to 3.50 euros as it plans a capital increase.

The Stoxx Europe 600 Index (SXXP) slipped 0.1 percent to 279.36 at 2:25 p.m. in London. The measure has still rallied 19 percent since this year’s low on June 4 as the European Central Bank and the Federal Reserve expanded asset purchases.

To contact the reporter on this story: Corinne Gretler in Zurich at

To contact the editor responsible for this story: Andrew Rummer at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.