Bloomberg News

European Stocks Pare Gains; Stoxx 600 Rises 0.1 Percent

October 24, 2011

Oct. 24 (Bloomberg) -- European stocks pared gains, led by a selloff in Greek banks.

The benchmark Stoxx Europe 600 Index rose 0.1 percent to 239.09 at 9:53 a.m. in London. The gauge earlier rallied as much as 0.8 percent amid signs of stronger growth in China and Japan and as euro-area leaders edged toward agreeing on a strategy to help contain the debt crisis.

National Bank of Greece SA, the country’s largest lender, sunk 19 percent to 1.64 euros while EFG Eurobank Ergasias, the second biggest, slumped 18 percent to 64 euro cents.

To contact the editor responsible for this story: Sarah Jones at sjones35@bloomberg.net


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