Flutter rises on upbeat forecast
Atos falls on record net loss
Miners lead declines
STOXX 600 flat

March 26 Reuters European shares were little changed on Tuesday, with losses in miners offset by gains in travel and leisure stocks, while investors gauged mixed messages from U.S. Federal Reserve policymakers that clouded the outlook for monetary policy easing.

The panEuropean STOXX 600 held firm at 509.65, as of 0940 GMT.

The benchmark index was on course to end a second straight quarter with gains in the holidayshortened week, up 6.4 so far, underscored by major central banks, including the Fed and the Bank of England, signalling rate cuts this year.

Comments from Fed officials left doubts hanging over the timing of rate cuts. Fed Governor Lisa Cook urged caution and Atlanta Fed President Raphael Bostic reiterated Friday remarks trimming his expectations to one cut.

They39;ve Fed always stressed their data dependence arguments and so if you saw consistently higherthanexpected inflation prints in the coming months, you could see market participants begin to revisit those assumptions, said Richard Flax, chief investment officer at Moneyfarm.

Markets now await the personal consumption expenditure data the Fed39;s preferred inflation measure due on Friday, for further cues on its interest rate path.

Miners led sectoral declines with a 0.6 fall, tracking weaker copper prices.

Losses in miners were offset by a 0.8 advance in travel and leisure stocks, with…

Leave A Comment