European Stocks Are Unchanged as Monti Takes Office to Fight Italian Debt

European stocks ended the day unchanged, after swinging between gains and losses, as Mario Monti became Italy’s new prime minister amid concern the sovereign-debt crisis is hurting the global economy. “The market is reacting very strongly to any news,” said Guillaume Duchesne, an equity strategist at BGL BNP Paribas SA in Luxembourg. “The political situation will remain a determining factor. We’ll see what happens with Italy.”