Europe stocks little changed after worst week since 2012

The Stoxx 600 climbed 0.1 percent to 322.06 at 3:12 p.m. in London, pushed higher by commodity producers. It rose as much as 0.6 percent earlier and lost 0.8 percent. The gauge reversed declines following a 4.1 percent slump last week as the International Monetary Fund cut its global-growth forecasts and German industrial production shrank the most since 2009. Federal Reserve Vice ChairmanStanley Fischer said over the weekend that a global slowdown may undermine the U.S. recovery and prompt policy makers to delay raising interest rates, Bloomberg reports. "Investors had seen the global-growth scare as an excuse to sell the rally," said James Butterfill, head of global equity strategy at Coutts & Co. in London. "When you mix in disappointment around Draghi's ability to spur Europe's economy and the Fed saying that external factors could affect the growth picture for the U.S., it looked like a good reason to sell. We believe this has all been a little bit overdone at this juncture. We see U.S. growth as becoming much more sustainable over the long term." The Stoxx 600 slid 7.8 percent from a nearly six-year high on Sept. 4 through the end of last week as concern grew that the rally was overdone. Global equities lost $4.5 trillion in value since reaching a record last month.