European Equities Edge Lower After Fluctuating Amid Earnings
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European stocks closed slightly lower after swinging between gains and losses amid earnings and ahead of the Federal Reserve’s rate decision.
The Stoxx Europe 600 Index lost less than 0.1% at the close. Banks underperformed, with Barclays Plc down 6.1% after saying it expects a prolonged stretch of economic contraction and bad loans. Banco Santander SA dropped after suffering a 12.6-billion-euro ($14.8 billion) impairment charge.