European Stocks Little Changed Amid China Data, Fed Rate Debate
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European stocks ended the day little changed as investors weighed further signs of a slowdown in China’s economy and the view that American’s recovery is strong enough to cope with a Federal Reserve interest rate increase this year.
The Stoxx Europe 600 Index added 0.1 percent to 376.27 at the close of trading, after earlier falling as much as 0.7 percent and rising 0.4 percent. After rebounding 12 percent from its September low through the end of last week, the gauge halted its rally. With Friday’s U.S. jobs data increasing the chances of the Fed raising interest rates this year, investors are speculating on whether the global economy can continue its recovery, while China data keeps disappointing. President Mario Draghi has pledged that the European Central Bank will consider increasing stimulus at its December meeting.