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Europe Stocks Little Changed as Investors Weigh Earnings, China: XL Group (XL), Willis Group (WSH), Weatherford (WFT), Vodafone (VOD), Yandex (YNDX)

European stocks were little changed as investors weighed mixed earnings results and disappointing Chinese output data.

HSBC Holdings Plc fell 1.3 percent as RBC Capital said that the lender’s decline in income will lead analysts to downgrade their estimates. Ryanair Holdings Plc dropped 0.7 percent after warning of a tough winter as rivals add capacity and competition intensifies. Commerzbank AG rose 4.8 percent after the German lender said quarterly earnings increased by 25 percent, while Chief Executive Officer Martin Blessing prepares to leave the company.

The Stoxx 600 gained less than 0.1 percent to 375.62 at 9 a.m. in London, after posting its best monthly rally in six years. China’s official purchasing managers indexcontracted in October, missing estimates. A separate gauge also showed activity shrank last month, signaling that manufacturing hasn’t bottomed out amid stuttering international demand and strengthening deflationary pressures.

The Stoxx 600 gained 8 percent in October after President Mario Draghi said the European Central Bank will consider additional easing in December, and China increased stimulus measures. The equity gauge’s rebound from a quarterly rout has been led by gains in carmakers, miners and energy producers — the groups most battered in the selloff.

Still, some investors remain skeptical of whether ECB stimulus is boosting profits, and disappointing results from Deutsche Bank AG and Novartis AG dragged the Stoxx 600 to its first weekly drop in four last week.

 

Yandex NV (NASDAQ:YNDX) operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices; and localized homepages for specific geographic markets. Yandex NV shares are trading 61.97% above their 52 week low price after the last close and -44.23% below the 52 week high. Its latest closing price was up 4.55% from the average-price of 200 days while it kept its distance from the SMA50 at 32.24% and 22.15% compared with the SMA 20.

Shares of  XL Group plc (NYSE:XL) were 49.80% off 52 week lows as of the latest close and -5.25% below the 52 week high. Its latest closing price was up 3.14% from the average-price of 200 days while it maintained a distance from the SMA 50 at 2.54% and 1.86% compared with the SMA 20. XL Group plc an insurance and reinsurance company, provides property, casualty, and specialty products to industrial, commercial, and professional firms; and insurance companies and other enterprises worldwide.

Willis Group Holdings PLC (NYSE:WSH) provides insurance brokerage, reinsurance, and risk management consulting services worldwide. The stock’s latest price traded at 15.13% off 52 week lows after the closing bell and was -9.43% behind its 52 week high. Its latest closing price was -2.02% above the SMA200 while the distance from the SMA 50 and SMA 20 was 5.10% and 4.37% respectively.

Weatherford International Plc (NYSE:WFT)  is trading 42.02% higher than the 52 week low price and -39.91% below the 52 week high. The stock’s latest closing price was -12.53% down from the average-price of 200 days while it kept its distance from the SMA50 at 7.77% and 3.82% compared with the SMA 20. Weatherford International Plc provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide.

Vodafone Group Plc (ADR) (NASDAQ:VOD)  provides mobile communications services in Europe, the Middle East, Africa, the Asia Pacific, and the United States. Vodafone Group Plc so far this year has moved down -0.34% and its monthly performance stands at 6.35% The stock was down 7.82% from its 52 week low and was -14.21% below the 52 week high. Its latest closing price was down -4.54% from the average-price of 200 days while it kept its distance from the SMA50 at -0.77% and 1.59% compared with the SMA 20.