Economics
Europe Stocks Little Changed as DAX Close to Erasing Annual Loss
- Carmakers rebound from Friday’s drop with Volkswagen leading
- Oil stocks rise amid speculation of talks to stabilize prices
European Stocks Are Little Changed
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European shares were little changed, with Germany’s DAX Index close to erasing its annual drop, as investors assessed recent gains in light of the outlook for earnings and economic growth.
Rebounding automakers posted the best performance of the Stoxx Europe 600 Index’s 19 industry groups. Volkswagen AG’s 1.4 percent advance buoyed the DAX, which entered a bull market last week, to within 0.1 percent of recouping its 2016 losses. BP Plc led oil stocks higher as crude extended its advance above $45 a barrel amid speculation that producers will revive talks to stabilize prices. Glencore Plc dragged commodity producers lower.