European stocks closed unchanged at a two-month high, with German equities posting their longest winning streak since May 2013.

The Stoxx Europe 600 Index stood at 346.28 at the close of trading, after earlier rising as much as 0.4 percent. Utility companies were among the biggest gainers, with RWE AG and EON SE helping push Germanys DAX Index up 0.6 percent. The European gauge has rebounded 12 percent from this years low in October amid additional stimulus measures from central banks in China, Japan and Europe.

German equities have climbed 16 percent since their low last month amid optimism that exporters will benefit from a weaker euro as the European Central Bank looks into broadening its asset-buying program. The DAX closed at its highest level since July.

Utility companies in the Stoxx 600 climbed 0.6 percent as a group. RWE, Germanys largest power producer, gained 3 percent, and EON, the countrys second biggest, added 1.7 percent.

A measure of commodity producers advanced 0.7 percent after a two-day drop. Anglo American Plc rose 1.4 percent and BHP Billiton Ltd. climbed 0.8 percent.

Source : Bloomberg