European stocks flat ahead of euro zone GDP data

PARIS, April 7 (BestGrowthStock) – European stocks were flat in
early trade on Wednesday, following strong gains made over the
past two sessions, as investors awaited euro zone GDP data for
more insight on the region’s economic health.

At 0710 GMT, the FTSEurofirst 300 (.FTEU3: ) index of top
European shares was down 0.04 percent at 1,101.13 points.
Europe’s benchmark index, which hit an 18-month closing high for
a second session in a row on Tuesday, is up 5.3 percent so far
this year.

“The rebound in the United States is well supported by a
strong economic recovery, but it’s more complicated in Europe
and the recent gains remain fragile,” said Christian Jimenez,
fund manager and president of Diamant Bleu Gestion in Paris.

Renault (RENA.PA: ) fell 0.6 percent while Daimler (DAIGn.DE: )
rose 0.4 percent after the two carmakers unveiled a broad
cooperation deal.

Heavyweight banking shares lost ground, with BNP Paribas
(BNPP.PA: ) down 1 percent and UBS (UBSN.VX: ) down 0.6 percent.

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(Reporting by Blaise Robinson)

European stocks flat ahead of euro zone GDP data