European stocks little changed as investors assess mixed earnings
shares were flat on Thursday, hovering below a record high touched in the previous session, as a drop in technology shares offset gains in telecom and utilities, while investors assessed a mixed set of corporate earnings.
The pan-European STOXX 600 was little changed as of 0825 GMT. The benchmark hit an all-time intraday high on Wednesday.
Technology fell 1.2%, with computer chip equipment supplier ASML dragging the sector with a 3.6% decline.
Puma plunged 16.1% after the sportswear brand reported a worse-than-expected annual profit and delayed its margin target, in addition to announcing a cost-cutting programme.
Combating overall losses, the banks index gained 0.5% after Swedbank proposed a larger-than-expected hike in its annual dividend and also posted fourth-quarter operating earnings above market expectations. Its shares rose 5.2%.
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