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Madrid - Europe’s stocks were little changed after their biggest rally since February.
The Stoxx Europe 600 Index added 0.1% at 8:19 a.m. in London. Miners gained as commodities climbed, while Italy’s FTSE MIB Index slipped, led by declines in banks. Britain’s FTSE 100 Index, up for a fifth day, is close to entering a bull market after regaining 19% from its low in February.
The European gauge’s 100-day moving average is about to cross above its 50-day mean.
Equities are continuing their rebound after posting their best week in a month. After slumping in June following the British vote to leave the European Union, the market recovered more than half of its losses in the days following the referendum. Both the European Central Bank and Bank of England have pledged to help make liquidity available, and traders pushed back bets for further Federal Reserve rate increases.
As of Friday, the Stoxx 600 was 4.1% below its June 23 level, while the FTSE 100 was 3.8% above.
Among stocks moving on corporate news, Rheinmetall gained 4.2% after Kepler Cheuvreux recommended buying the stock.
Rightmove fell 3.3% after Barclays cut the shares to the equivalent of a sell, saying they’re expensive after the Brexit vote.
