European Stocks Little Changed After Confidence Report, Witching

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European stocks were little changed, with the Stoxx Europe 600 Index posting its biggest weekly gain in five weeks, as consumer confidence increased more than forecast, while derivatives contracts expired.

Rio Tinto Group rose 1.6 percent as copper rebounded. Commerzbank AG climbed 2.5 percent as Morgan Stanley upgraded its rating on the German lender. Havas SA lost 1.8 percent after posting 2013 profit that fell short of analysts™ estimates. Remy Cointreau SA retreated the most since November as UBS predicted China™s anti-extravagance measures will continue to cut into the cognac-maker™s profit.

The Stoxx 600 gained 0.1 percent to 327.91 at the close of trading. The index has advanced 1.8 percent this week, paring its loss this year to 0.1 percent, as President Vladimir Putin said he wasn™t seeking to split up Ukraine after Crimea voted to join Russia.

Copy Source : Bloomberg