Europe stocks steady, though China supports

Posted by Forexsq 958 days ago (
img European stock markets stuck largely to the flat line on Friday, with news of better-than-expected growth out of China, balanced by downbeat earnings from chip giant Intel Corp.

Rio Tinto PLC and L’Oreal SA stood out among the early gainers.

The Stoxx Europe 600 index XX:SXXP -0.02% was flat at 287.43, after finishing with a 0.5% gain the prior session, which was lifted by a round of strong corporate earnings in Europe and encouraging U.S. economic data.

It was China’s turn to provide the big data on Friday. Amid a clutch of reports was news that the economy grew 7.9% in the fourth quarter versus a year earlier, inching past forecasts and fueling optimism that the worst may be over for the country

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