Europe Stocks Steady as Traders Weigh Virus Impact, Aid Deadlock
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European stocks were little changed on Tuesday before the earnings season begins in full swing as investors weighed the longer-term impact of the Covid-19 pandemic on profits as well as the U.S. stimulus impasse.
The Stoxx Europe 600 Index closed down less than 0.1%. Utilities and energy shares gained, while health-care shares declined. Atlantia SpA surged after saying it’s ready to discuss an offer from Italy’s state lender for its stake in Autostrade per l’Italia SpA, and Britain’s FTSE 100 index fell 0.6% as the pound strengthened.