European Stocks Little Changed Near 2008 High; GDF Drops

European stocks were little changed near a five-year high as services and manufacturing output shrank for a 15th month while European Central Bank President Mario Draghi said policy makers are ready to cut interest rates if needed.

GDF Suez SA led a gauge of utilities lower, dropping 1.5 percent. Linde AG rallied the most in eight months after the German industrial-gas maker reported quarterly profit that beat analysts’ estimates. Celesio AG climbed the most since 2011 after Franz Haniel & Cie GmbH said it won’t sell its stake in the drug wholesaler.