STOXX inches up, off 2-week lows
STOXX 600 up 0.2%
Defensives lead
China jitters persist
Wall St futures dip
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STOXX INCHES UP, OFF 2-WEEK LOWS
A bounce back in defensive stocks, which had paused during the buying frenzy surrounding China-exposed assets, helped the STOXX 600 steady on Wednesday, as uncertainty over stimulus from Beijing kept most traders on the sidelines.
The region-wide European index .STOXX was last up around 0.2%, coming off a two-week low hit on Tuesday.
Real Estate .SX86P and Utilities .SX6P, which tend to benefit from falling rates, led the advance, both up around 0.6%. Gains across most other sectors were more muted.
One weak spot were Banks .SX7P, down 0.5%, as they retraced part of this week's surge linked to a rally in global bond yields triggered by Friday's bumper US jobs report.
Upbeat comments from Continental CONG.DE on the profitability of its automotive business lifted the German car parts makers to the top ranks of the STOXX, up nearly 6%.
In London, the FTSE 100 .FTSE added 0.4%.
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