European shares stuck below 2-yr highs as US data dashes rate optimism

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By Shristi Achar A and Shubham Batra

(Reuters) -European shares were little changed on Friday as gains from upbeat corporate earnings offset hotter-than-expected U.S. jobs data that quashed hopes of an imminent rate cut by the U.S. Federal Reserve.

The pan-European STOXX 600 was flat on the day, hovering near two-year highs hit earlier in the week. Germany’s DAX 40 index hit a record high during the session and closed up 0.35%.

Danske Bank was the best performer on the European benchmark index, jumping 8.1% after the Danish…

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