Europe Stocks Little Changed as Investors Weigh Earnings
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European stocks were little changed, as investors considered earnings from companies including Akzo Nobel NV and GlaxoSmithKline Plc, while a measure of consumer confidence unexpectedly declined.
Akzo Nobel rose 3.9 percent after reporting better-than-expected second-quarter profit. Outotec Oyj surged the most in more than two years amid reports that Weir Group Plc may be interested in buying the mining-equipment maker. GlaxoSmithKline dropped 4.7 percent after posting second-quarter earnings that missed analyst estimates. Deutsche Bank AG fell after the Wall Street Journal said that bank overseers faulted some of the firm’s U.S. businesses last year.