European stocks were largely flat on Wednesday as investors parsed through a deluge of earnings reports from major lenders like Deutsche Bank and Barclays, while waiting to hear from the U.S. Federal Reserve.
French luxury group Kering gained 4.9% after reporting a smaller-than-expected decline in quarterly sales.
“Markets have rallied aggressively, so what we’re seeing is companies coming with better numbers but not seeing an additional uptick in markets,” said Will James, deputy head of European equities at Aberdeen Standard Investments.
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