European shares gave up early gains to close little changed on Thursday as investors assessed signs of stalling business activity and a raft of earnings from the likes of online gaming group Evolution, carmaker Renault and consumer major Unilever.The Iseq finished little changed, despite a decent gain for its most active stock during the session, Kerry Group. The food giant advanced 1.8 per cent to €94.
A 2.9 per cent jump in Anglo American lifted the industrial metal miners’ sector after the global miner maintained its copper and diamond production forecasts. The automobiles sector, which has underperformed through much of the year, got a lift from French carmaker Renault’s 4.7 per cent rise following an unexpected increase in its quarterly revenue.
Stora Enso missed market expectations for third-quarter operating profit, sending shares of the Finnish forestry company down 3.5 per cent.The Nasdaq jumped in early trading, driven by Tesla’s positive earnings forecast, which buoyed market sentiment despite declines from other corporate results and pressure from rising Treasury yields.
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