Bloomberg News

European Stocks Little Changed; Stoxx 600 Heads for Weekly Rally

July 01, 2011

July 1 (Bloomberg) -- European stocks were little changed as the benchmark Stoxx Europe 600 Index headed for the biggest weekly rally in 10 months.

The Stoxx 600 rose less than 0.1 percent to 272.92 at 8:01 a.m. in London. The measure has climbed 3.4 percent this week, the most since Sept. 3, as Greek premier George Papandreou won support from Parliament to implement his 78-billion euro ($113 billion) austerity plan of budget cuts, asset sales and tax increases to avoid a default. The gauge has still lost 1.1 percent this year.

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net


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