European shares end steady as banks gain, Fiat rallies

miércoles 3 de agosto de 2016 13:10 GYT
 

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets) Adds details, updates share prices)

* STOXX 600 steady, still down 8 pct in 2016

* HSBC rises on stock buyback plans

* ING shares jump as Q2 results beat forecasts

* Fiat rallies on reported talks to sell parts unit

By Sudip Kar-Gupta and Danilo Masoni

LONDON/MILAN, Aug 3 (Reuters) - European shares ended little changed on Wednesday as a rebound by the region's struggling banks and a rally in carmaker Fiat Chrysler helped offset losses among companies that reported poor earnings updates.

The pan-European STOXX 600 index, which had fallen in the last two sessions, ended flat. The index, which slumped in the immediate aftermath of Britain's vote in June to quit the European Union, is down 8 percent so far in 2016.

Fiat Chrysler, the worst auto stock so far this year, rose 8.2 percent, making it the biggest STOXX gainer after a report said it could sell its parts making unit Magneti Marelli to Samsung for over $3 billion.   Continuación...