European stocks seek direction after Wall Street rally By Reuters


© Reuters. FILE PHOTO: The German share price index DAX graph at the stock exchange in Frankfurt

(Reuters) – European stocks were little changed on Tuesday as mixed corporate updates tempered optimism about fresh U.S. stimulus measures that bolstered Wall Street indexes overnight.

The pan-European STOXX 600 () slipped 0.1% by 0716 GMT, with the German DAX () and France’s CAC 40 () trading flat, while London’s FTSE 100 () slipped 0.2%.

Global markets saw a relief rally as U.S. President Donald Trump was discharged from the hospital on Monday following treatment for COVID-19 and the prospects for a fresh U.S. stimulus package appeared to brighten. [MKTS/GLOB]

Puma (DE:) slid 3.6% after French luxury group Kering (PA:) said it had completed the sale of a 5.9% stake in the German sportswear group.

Swiss technology accessories make Logitech (S:) fell 3.8% after Bloomberg reported that Apple (O:) had stopped selling headphones and wireless speakers from rivals as it plans to launch its own products.

French waste and water firm Suez (PA:) jumped 4.9% after rival Veolia (PA:) succeeded in buying 29.9% of the company owned by power group Engie (PA:).

Shares of Veolia and Engie rose nearly 1% each.

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