European stocks little changed; VW outperforms but Ericsson slumps

jueves 21 de abril de 2016 04:25 GYT

(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details)

* FTSEurofirst 300 hovers near three-month highs

* VW surges on signs of deal with U.S authorities

* Ericsson slumps after weak Q1 results

By Sudip Kar-Gupta

LONDON, April 21 (Reuters) - European stocks were little changed on Thursday, as German carmaker Volkswagen outperformed while Swedish mobile telecom equipment maker Ericsson slumped.

Markets were holding their ground before a European Central Bank meeting later in the day. The ECB is widely expected to leave interest rates unchanged at record lows.

However, ECB President Mario Draghi is likely to reinforce his support for its ultra-loose monetary policy measures, which have bolstered European stocks even though European and global economic data has weakened.

The pan-European FTSEurofirst 300 index was flat, hovering around three-month highs reached earlier in the week. The euro zone's blue-chip Euro STOXX 50 index rose 0.2 percent.   Continuación...