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Stocks in Europe Are Unchanged as U.S. Jobless Claims Decline

European stocks were unchanged as data showing the number of Americans filing jobless claims unexpectedly fell last week offset investor concern that budget wrangling in Washington will lead to a government shutdown.

Ladbrokes (LAD) Plc plunged to its lowest price in almost a year after issuing a profit warning for its digital division. Thomas Cook Group Plc slid 6.6 percent after it said winter bookings have slowed. Hennes & Mauritz AB (HMB), Europe’s second-biggest clothing retailer, rose to its highest price after posting third-quarter profit that beat analysts’ estimates.

The Stoxx Europe 600 Index was unchanged at 313.02 at the close of trading. The gauge has dropped 0.4 percent so far this week amid concern that U.S. politicians will fail to approve a federal budget for the new financial year. It has still climbed 5.3 percent in September as the Federal Reserve refrained from reducing its monthly asset purchases, and has surged 9.8 percent since the end of June, heading for the biggest quarterly gain in four years.

Read More Stocks in Europe Are Unchanged as U.S. Jobless Claims Decline: http://www.businessweek.com/news/2013-09-26/european-stock-index-futures-little-changed-before-u-dot-s-dot-job-data

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