LONDON (Reuters) - European shares ended little changed on Friday, underpinned by gains among heavyweight financial stocks, which helped the pan-European STOXX 600 <.stoxx> index snap a two-week losing streak.
The STOXX 600 ended 0.1 percent down but rose 0.7 percent on the week, while the export-heavy German DAX <.gdaxi> index advanced 0.4 percent, shrugging off strength in the euro.The growing prospect of a grand coalition in Germany boosted sentiment that had kept the DAX stuck around the 13,000-point level for the past two weeks."There's a lot of impetus there to resolve the situation without recourse to another election," said City Index market analyst Ken Odeluga. Germany's Social Democrats said that they were ready to hold talks with other parties on breaking the political deadlock. "The German political crisis is not really looking very crisis-like," Paul Donovan, chief economist at UBS Wealth Management, said in a note."It is all very orderly and, frankly, a little dull." Though corporate news was sparse, shares in consumer staples businesses were in focus after China said it would cut import tariffs on some consumer products.Shares in Danone