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European stocks were flat, with gains in mining firms offsetting losses in food and beverage producers. The Stoxx Europe 600 Index was little changed at 374.11, following three days of declines.
European miners were up 0.3 percent, as metal prices increased, while the food and beverage sector fell 0.5 percent. Shares of technology also retreated. Sectoral indexes were showing small movement, between a 0.4 percent loss and a 0.2 percent rise, which shows the overall cautious mood. Shares of retailers were one of the best performers in early deals.
Gemalto reached the bottom of the benchmark for the second straight session, having plunged 17 percent on Wednesday, after trimming its profit forecast. HSBC bank downgraded its “buy” recommendation for investors to “hold”.
Global online trading firm IG Group Holdings Plc dropped as much as 6.7 percent after announcing that its third-quarter revenue declined from the previous year, and that revenue per client slumped 15 percent. Scandic Hotels Group AB gained as much as nine percent after reports that Sunstorm Holding AB divested all of its stake.
