Major stock indices in Europe show little change

European stocks are trading near the opening level, but at the same time preparing to record the largest weekly gain in a month. Better than expected financial results of the companies pushed up the Stoxx Europe 600.

Currently, the composite index of the largest companies in the region trading with an increase of 0.1 percent. Since the beginning of the week the index gained 1.3 percent, helped by yesterday's statements by ECB President Draghi, which reduced investor concern over the fact that the quantitative easing program ends too early, "Economic recovery in the euro area is expected to be suppressed by weak foreign demand. We will continue to act, if necessary, using all available tools "- said Draghi.

Certain influence on trading had data from Britain. The Office for National Statistics said that the level of public sector debt (excluding state-owned banks) amounted to 10.6 billion pounds in September, up 1.3 bln pounds, or 14.5 percent higher than the same period of 2015. In addition, the deficit has exceeded all forecasts - the average rate expected at 8.5 billion pounds. The report also showed that for the first six months of the current year the deficit amounted to 45.5 billion pounds, which is almost 5 per cent lower compared with the same period last year, but close to 55.5 billion pounds, which is projected for 2016/17.

The capitalization of SAP rose 3.2 percent after the company reported an improvement in their forecasts for earnings and sales.

Cost of Ericsson shares fell 4.6 percent amid reports that the company has completed the third quarter with a net loss (for the first time in nearly 4 years).

Shares of Daimler AG fell by 3 per cent, as the German automaker lowered its forecast for revenue.

Quotes of British American Tobacco Plc rose 2.9 percent after it made a bid for the remaining 57.8 percent of the US company Reynolds American Inc for $ 47 billion. Reynolds American Inc's value increased by 1.9 percent.

Shares of Yara International ASA and Valeo SA rose at least 3.1 percent after their financial results exceeded the forecasts of experts.

Intercontinental Hotels Group shares fell 1.5 percent, as the volume of hotel network revenue grew at a slower pace than analysts expected.

At the moment:

FTSE 100 +16.05 7042.95 + 0.23%

DAX +9.78 10711.17 + 0.09%

CAC 40 -5.43 4534.69 -0.12%