European equities were steady as gains in automotive and banking stocks countered losses in other sectors like technology, which were weighed down by concerns of slowing growth and elevated interest rates.
The Stoxx Europe 600 was little changed by 10:17 a.m. in London, with automotive stocks rallying after data showed retail passenger vehicle sales rose in China in May. Bank stocks also advanced amid the prospect of higher rates, while those expectations dragged technology names lower as bond yields rose. Miners were boosted by gains in the price of iron ore.
JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.