European Stocks Little Changed Before Fed Policy Decision

European stocks were little changed from a three-week high, as a report showing U.S. economic growth stalled offset better-than-forecast jobs data, while investors awaited a Federal Reserve decision on monetary policy.

Banco Bilbao Vizcaya Argentaria SA slipped 1.1 percent after reporting a drop in first-quarter profit. BNP Paribas SA fell 3.2 percent after saying it may need to pay much more than the $1.1 billion it set aside for alleged U.S. sanctions breaches. Alstom SA jumped 9.3 percent as General Electric Co. made a 12.4 billion-euro ($17.2 billion) bid for the French company’s energy business.