EUROPEAN stocks trades neutral

European stocks were little changed as carmakers dropped, offsetting gains by companies from LVMH Moet Hennessy Louis Vuitton SA to Kering SA that reported faster quarterly sales growth.

 

LVMH, which owns Louis Vuitton and Christian Dior, rose 4.5%.

 

Kering, the owner of Gucci, advanced 4.1%.

 

Vivendi SA rose 2% after selling its controlling stake in Activision Blizzard Inc. to the company and a group led by its chief executive officer for $8.17 billion.

 

ThyssenKrupp AG dropped 3.5% amid concern it has failed to make progress in talks to sell its plants in the Americas.

 

The Stoxx Europe 600 Index fell 0.1%. Index has lost 0.2% this week. It has rallied 5.3% this month. The Stoxx 600 has rallied 20% since European Central Bank President Mario Draghi pledged on July 26 last year to save the euro.

 

As experts said earnings have driven the markets this week.

 

 

Source of information>>

More information>>