European Stocks Are Little Changed as ARM Climbs, Miners Decline
- ARM, Reckitt Benckiser advance after results beat forecasts
- Credit Suisse falls after announcing plan to raise capital
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European stocks fluctuated throughout the day, before closing little changed, as investors oscillated between concern about global growth and optimism regarding corporate earnings.
Anglo American Plc and Glencore Plc led resource-related companies lower, erasing an earlier advance, amid slumping commodity prices. ARM pushed a gauge of technology shares to the biggest gain on the Stoxx Europe 600 Index, jumping 6.5 percent after third-quarter revenue beat analyst estimates. Reckitt Benckiser climbed 2.5 percent after raising its full-year growth target. Credit Suisse Group AG lost 3.6 percent after saying it will raise fresh capital and reorganize its operational focus.