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- European stocks were little changed
European stocks were little changed
European stocks were little changed before reports that may show U.S. consumer confidence declined for a third month, while home prices increased.
German consumer confidence will increase in February due to a stable labor market and higher income expectations, Gfk SE said. The Nuremberg-based market research company forecast today that its consumer-sentiment index, based on a survey of about 2,000 people, will rise to 5.8 from a revised 5.7 in January. Economists expected a gain to 5.7 from the initial January reading of 5.6, according to the median of 34 estimates in a survey.
William Hill Plc added 4.3 percent to 382.2 pence. The U.K. bookmaker said full-year net revenue grew by 12 percent and it expects operating profit of 330 million pounds ($518 million). The company will release final results March 1.
Aixtron SE, a maker of equipment for the semiconductor industry, rose 2 percent to 10.80 euros after Liberum Capital said it sees potential for a stronger recovery in demand for the company’s products in the second half of the year.
Software plunged 14 percent to 29.91 euros. The German infrastructure-software provider reported fourth-quarter profit of 50.7 million euros, missing analysts’ estimates of 52.9 million euros. Revenue in the fourth quarter came in at 276 million euros compared with estimates of 289.4 million euros ($389 million).
FTSE 100 6,293.05 -1.36 -0.02%
CAC 40 3,769.4 -11.49 -0.30%
DAX 7,819.13 -13.87 -0.18%
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