Europe Stocks Close Little Changed as Oil Jump Offsets Bank Drop
- Fed scaled back rate outlook, cited financial-market turmoil
- Stoxx 600 on track for its first weekly decline in five
Stoxx Europe 600 Index Is Under Pressure
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European stocks closed little changed, almost erasing intraday losses, as a surge in oil countered a decline in banks and exporters.
Miners and energy shares tracked gains in crude, with Anglo American Plc and Glencore Plc up more than 9 percent. Banks were among the worst performers on the Stoxx Europe 600 Index, while BMW AG and Continental AG led carmakers lower.