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Global Markets Update: European Stocks Flat on Weak Earnings

Thu 02 Feb 12 | 06:10 AM ET
Weaker than expected earnings from heavyweights such as Deutsche Bank, Shell, Unilever and Sony have turned European stocks flat and offset the more positive results out of Spanish and French bond auctions and merger talks between miner Xstrata and commodities trader Glencore. The FTSE Eurofirst 300 index of top European shares was down 0.1 percent at 1,056.47 points, having been as high as 1,061.25 earlier.
 
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