European Stocks Muted as Deutsche Telekom Gains on Elliott Stake

European markets were steady on Thursday as oil and bond markets stabilized, helping limit broader moves in equities. The Stoxx Europe 600 Index was little changed at 8:14 a.m. in London. Within the index, media stocks were the biggest sector movers. Deutsche Telekom AG, meanwhile, rose after activist investor Elliott Investment Management disclosed that it has built a sizeable stake in the company. The combination of calmer oil and bond conditions and company-specific momentum kept trading muted overall, with investors awaiting further signals from the next wave of corporate and macro updates.