European Stocks Steady as Nestle Shines in Mixed Bag of Earnings

European Stocks Steady as Nestle Shines in Mixed Bag of Earnings
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany on Oct. 8, 2021. Staff/Reuters
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European shares were flat on Wednesday as strong results from Nestle boosted food company stocks and made up for disappointing earnings from a clutch of firms, including French luxury group Kering and Dutch semiconductor company ASML.

The pan-European STOXX 600 index inched up 0.1 percent, reversing slight opening losses after Asian peers tracked a strong finish on Wall Street.