European Stocks Little Changed for Seventh Weekly Gain
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European stocks were little changed, with the Stoxx Europe 600 Index advancing for a seventh week, as a better-than-expected report on U.S. business activity offset consumer-confidence data that missed forecasts.
Societe Generale SA slipped 2.2 percent after Les Echos reported that the French bank’s Russian unit posted a decline in first-quarter profit. BNP Paribas SA fell 2.4 percent as a person familiar with the matter said U.S. authorities are seeking more than $10 billion from the bank to settle investigations into dealings with sanctioned countries. Rio Tinto Group and BHP Billiton Ltd. slid as a gauge of commodity producers declined the most on the Stoxx 600.