ROME: European stocks were little changed, after five days of gains, as investors awaited testimony by Federal Reserve Chair Janet Yellen and Greece’s creditors scrutinize a set of its economic measures.
The Stoxx Europe 600 Index rose 0.1 percent to 385.6 at 8:07 a.m. in London, extending a seven-year high. The gauge rose on Monday after creditors agreed to extend Greek bailout funds. Greece sent a draft list of policies to creditor institutions, based on a provisional agreement last week. Euro-area finance ministers will receive them on Tuesday, a Greek government official said. Greece’s ASE Index fell 4.5 percent last week, with markets closed on Monday for a holiday.
Investors are also seeking clues on the timing of a U.S. interest-rate increase from Yellen’s speech due at 10 a.m. in Washington. The Fed Chair testifies before the Senate Banking Committee on the U.S. economy, monetary policy and global outlook.
