European equities closed broadly flat as positive earnings reports and optimism about US stimulus offset concerns about rising virus cases.[BENGALURU] European equities closed broadly flat as positive earnings reports and optimism about US stimulus offset concerns about rising virus cases.Shares pared some losses in the final hour after US House Speaker Nancy Pelosi said a stimulus deal is close.
Travel, auto and banking stocks outperformed, while tech shares lagged. Schneider Electric gained after boosting its 2020 sales outlook, while Neste advanced on a profit beat. European equities have erased October's advance as risks mount. The Netherlands joined Germany and at least six other nations in reporting a record rise in coronavirus infections.
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