Breaking News

Canada's Consumer Price Index Rises a Less-Than-Forecast 2% in November

European Stocks Little Changed Before Italy Sells Debt

European (SXXP) stocks were little changed after yesterday’s selloff, before Italy auctions as much as $5 billion worth of long-term debt today. U.S. futures were also little changed, while Asian shares fell.

Bouygues SA jumped 5.8 percent after the French builder reported full-year profit that topped forecasts. Swiss Life Holding AG surged 5.9 percent after the insurer posted a narrower-than-estimated loss.

The Stoxx Europe 600 Index advanced 0.1 percent to 284.87 at 9:34 a.m. in London, extending the gauge’s advance this year to 1.9 percent. Standard & Poor’s 500 Index futures fell less than 0.1 percent today and the MSCI Asia Pacific Index lost 0.3 percent.

The Stoxx 600 slid 1.3 percent yesterday after Italy’s inconclusive parliamentary election sent the country’s borrowing costs to the highest level in four months, renewing concern that the euro area’s debt crisis may deepen.

Italy will test markets today as it seeks to sell as much as 4 billion euros ($5 billion) of a new 10-year bond and 2.5 billion euros of a 5-year benchmark note.

In the U.S., the benchmark S&P 500 Index rose 0.6 percent amid better-than-estimated housing and consumer confidence data and as Federal Reserve Chairman Ben S. Bernanke dismissed concerns that record easing risks sparking inflation or fueling asset price bubbles.

To contact the reporter on this story: Sarah Jones in London 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.