European Stocks Erase Losses on U.S. GDP Report; Stoxx 600 Gains

By Andrew Rummer

Jan. 30 (Bloomberg) -- European stocks erased losses after a report showed the U.S. economy shrank less than forecast in the fourth quarter.

The Dow Jones Stoxx 600 Index advanced 0.3 percent to 191.38 at 1:34 p.m. in London, having earlier retreated as much as 0.8 percent.

Last Updated: January 30, 2009 08:36 EST