Luxury stocks hit by China update
ECB set to cut rates on Thursday
Entain, Flutter tumble on tax hike fears

Oct 14 Reuters European stocks were little changed on Monday after China39;s stimulus plans failed to inspire confidence among investors, who focussed on the earnings season and the European Central Bank39;s ECB policy meeting later this week.

The continentwide STOXX 600 index was flat by 0833 GMT, with gains in tech and telecom sectors o

Asian stocks teetered between gains and losses after China pledged on Saturday to significantly increase debt to revive its sputtering economy, but left investors guessing on the overall size of the stimulus package.

Chinese finance ministry39;s presentation over the weekend was a bit disappointing in the sense that you didn39;t get these big numbers that some investors were hoping for, Richard Flax, chief investment officer at Moneyfarm said.

LVMH, Hermes, Kering and other French luxury stocks exposed to China fell between 1.4 and 3.6.

Meanwhile, the ECB looked set to deliver another interest rate cut on Thursday as data signals the euro zone economy was in worse shape than when policymakers last met.

Traders are pricing in a 99 chance of a 25 bps rate cut on Thursday, up from as low as 20 when the ECB met last month. Money markets have also almost fully priced in the odds of another such move in December.

Current indicators point to continued weakness in the German economy in the third quarter, the economy ministry…