European Stocks Steady After ECB Cuts Rates Amid Earnings

European equities stalled after the European Central Bank cut interest rates for the seventh time as global trade tensions threaten to derail the region’s economic recovery.

The Stoxx Europe 600 Index was little changed at the close in London after the ECB reduced the deposit rate by a quarter-point to 2.25%, as predicted by almost all analysts polled by Bloomberg. Officials dropped the word “restrictive” from their statement in relation to the monetary-policy stance.