European Stocks Erase Gains; Stoxx 600 Retreats 0.1%Sarah Jones
European stocks erased gains, leaving the region’s benchmark little changed, as investors weighed the outlook for central bank stimulus. Asian shares declined, while U.S. futures climbed.
The Stoxx Europe 600 Index lost 0.1 percent to 291.54 at 9:21 a.m. in London after earlier climbing as much as 0.3 percent. The gauge has lost 6.2 percent since May 22 amid speculation the Federal Reserve will taper its bond-buying program that helped drive the measure to its highest level since June 2008.
The MSCI Asia Pacific Index slid 0.1 percent, while contracts on the Standard & Poor’s 500 Index futures advanced 0.3 percent.