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- European stocks erased their losses
European stocks erased their losses
European stocks erased their losses as telecommunication and mining companies advanced. Asian shares and U.S. index futures were little changed.
The Stoxx 600 rose less than 0.1 percent to 313.35 at 10:20 a.m. in London, having earlier lost as much as 0.5 percent. The gauge has still climbed 5.4 percent in September as the Federal Reserve refrained from reducing its monthly asset purchases. It has surged 10 percent this quarter, on course for the biggest gain in four years. Standard & Poor’s 500 Index futures added less than 0.1 percent today, while the MSCI Asia Pacific Index declined 0.1 percent.
A Commerce Department report at 8:30 a.m. Washington time may show that U.S. durable-goods orders, excluding the volatile transportation category, rose 1 percent in August after falling 0.8 percent the previous month, according to the median forecast of 60 economists in a survey.
Separate data from the Commerce Department will probably show that purchases of new houses climbed to a 420,000 annual rate last month after plunging in July by the most in three years, economists projected.
Nordea Bank AB slid 2 percent as Sweden sold its remaining 7 percent stake in the Nordic region’s largest lender.
Carnival Corp., the world’s biggest cruise-ship operator, slumped 7 percent for the biggest drop in the Stoxx Europe 600 Index.
ThyssenKrupp AG rose 3.2 percent as Cevian Capital AB bought a 5.3 percent holding in the German steelmaker.
FTSE 100 6,567.93 -3.53 -0.05%
CAC 40 4,189.14 -6.47 -0.15%
DAX 8,647.71 -16.89 -0.19%
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