Investors anticipating US rates hike keep their powder dry on holiday

European stocks were little changed amid thin trading as investors considered the implications of a possible increase in US interest rates after Federal Reserve chair Janet Yellen said a hike is likely in the coming months.

The Stoxx Europe 600 Index added 0.1% to 350.14 at the close of trading, after briefly rising as much as 0.2%.

The number of shares changing hands on the gauge was about 74% lower than the 30-day average. Financial markets in the US and UK were shut for holidays.