European stocks ended the day little changed, erasing declines in the last 1 1/2 hour of trading. Futures on the Euro Stoxx 50 Index rose.
The Stoxx Europe 600 Index advanced less than 0.1 percent to 367.28, after falling as much as 0.8 percent, as energy companies rallied the most in two weeks. Euro Stoxx 50 futures expiring in March climbed 0.7 percent at 5:03 p.m. in London.
Spain™s IBEX 35 Index fell as much as 2.6 percent on Monday amid growing concern that the nation™s anti-austerity party is gathering strength. Energized by Syriza™s victory in Greece, the leader of Podemos pledged to restructure the nation™s debt if he can convert his opinion-poll lead into election victory.
The IBEX 35 ended the day down 0.7 percent. Telefonica SA dropped 2.7 percent after El Confidencial reported it plans to sell as much as 5 billion euros ($5.7 billion) of shares.
In Italy, Prime Minister Matteo Renzi has also been a vocal opponent of budget rigor policies imposed by the European Union. His candidate Sergio Mattarella was elected as the nation™s new president this weekend. The FTSE MIB Index was little changed after declining as much as 1.1 percent and rising 0.5 percent.
Source : Bloomberg