European Stocks Go Nowhere on Concerns Debt Ceiling Talks Will Hurt the U.S. Economy

“European stocks declined as concern that debt-ceiling talks will harm the U.S. economy, and a report showing German growth slowed more than expected in 2012 offset Spain’s better-than-targeted sale of debt.

IG Group Holdings Plc (IGG) slipped 2.4 percent after saying first-half net trading revenue fell. Air Liquide SA (AI), a maker of industrial gases, retreated 1.5 percent after Bank of America Corp. cut its recommendation on the stock. Hennes & Mauritz AB (HMB) advanced 3.4 percent after posting sales that beat estimates.

The Stoxx Europe 600 Index (SXXP) lost 0.4 percent to 285.0 at 1:16 p.m. in London….”

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