"European stocks were roughly flat in early trading on Wednesday as investors continued to express caution that the Federal Reserve could soon scale back its massive bond-buying program and digested news of a U.S. budget deal.
The pan-European Stoxx Europe 600 index edged up about 0.1% in early trading, reversing losses logged as soon as the market opened. The benchmark has been pressured in recent days in the face of strong employment data from the U.S., which has raised expectations that the Fed could start to withdraw its stimulus as early as in its December policy meeting next week.
Germany's DAX was up 0.04%, France's CAC 40 was up 0.5% and the U.K.'s FTSE 100 was up roughly 0.09%.
The moves come after House and Senate negotiators, in a rare bipartisan act, announced a budget agreement on Tuesday designed to avert another economy-rattling government shutdown and to bring a dose of stability to Congress's fiscal policy-making over the next two years. The deal is constructed to allow more spending for domestic and defense programs in the near term, while adopting deficit-reduction measures over a decade to offset the costs".
