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By Bloomberg

European stocks were little changed, after their longest stretch of gains since January, as Ericsson AB and Electrolux AB rose on results, while investors watched Greece.

Ericsson advanced 6.3 percent after second-quarter sales beat analysts’ projections, while Electrolux climbed 3.8 percent after profit topped estimates. Credit Suisse Group AG led Swiss shares to one of the worst performances among western-European markets, falling 1.7 percent after Deutsche Bank AG said it no longer recommended buying the shares.

The Stoxx Europe 600 Index added less than 0.1 percent to 405.55 at 9:39 a.m. in London, taking its weekly gain to 4.3 percent, the most since January. The gauge has rebounded 8.8 percent from a July 7 low amid optimism over Greece, after almost entering a correction.

“The potential for more gains is very limited in the short-term,” said Francois Savary, Geneva-based chief investment officer at Reyl & Cie., which oversees about $11 billion. “We still favor equities and keep our bias to Europe. It’s where we’ll have liquidity flowing in and where profit growth will be the strongest. Investors are still very cautious and holding a lot of cash.”

German lawmakers will pass their verdict on Greece’s bailout package on Friday. If approved, it will pave the way for creditors to start talks with Greece to grant it aid of as much as 86 billion euros ($94 billion).

Givaudan, 888

Among other stocks moving on corporate news, Givaudan SA rose 4.8 percent after the world’s largest flavors and fragrance company reported a surprise increase in first-half earnings.

888 Holdings Plc rallied 4.5 percent after agreeing to buy Bwin.party Digital Entertainment Plc for 898.3 million-pounds ($1.4 billion). The price was less than an offer considered by competitor GVC Holdings Plc, which rose 0.6 percent.

Volvo AB slid 3.7 percent, reversing earlier gains after its interim chief executive officer said he doesn’t expect a rebound in Brazilian demand anytime soon. Fortum Oyj lost 6.1 percent after posting a drop in quarterly profit and saying the outlook for economic growth remains unpredictable amid global and European uncertainty.

Deutsche Telekom AG dropped 0.9 percent after people with knowledge of the matter said Dish Network Corp.’s talks to acquire T-Mobile US Inc. from the Germany company have stalled.