London - Calm is setting in for European equities after moves of 1 percent or more in the past three days.
Volume was a third lower than the 30-day average, while gains in miners and real estate shares offset a decline in energy producers.
The Stoxx Europe 600 Index dropped less than 0.1 percent to 386.38 at 10:51 am in London. It erased gains of as much as 0.6 percent as data showed the euro-area economy grew less than forecast in the second quarter.
Europe’s benchmark equity gauge is heading for its first weekly drop in three, down 2.7 percent. It slumped the most since October on Wednesday, extending losses after China devalued its currency, before rebounding 1 percent yesterday.
“Everybody’s happy that this week is coming to an end,” said Benno Galliker, a trader at Luzerner Kantonalbank AG in Lucerne, Switzerland.
“It’s been quite a turbulent week with the talk on the yuan and the decline in the oil price at a six- year low. Now we need to find a new balance.”
BLOOMBERG