European stocks traded without any real direction Wednesday as investors pause for guidance on the likelihood of an imminent Brexit deal between the U.K. and the EU.

The pan-European Stoxx 600 slightly pared early losses to end the session just 0.05% at 393.46 below the flatline, with financial services falling 0.9% to lead losses while auto stocks climbed 1.6%.

Brexit negotiations hit a wall on Wednesday, the last day of talks before a crucial EU summit. Reports Tuesday night had indicated that a draft deal may be presented Wednesday, but further British media reports Wednesday cited EU diplomats as claiming talks had stalled over a future trade deal and fair competition clauses.

Source : CNBC