European equities tentative as pound makes brief rally

European stocks made little headway Thursday amid a flurry of company earnings reports, while a rally by the British pound after better-than-expected economic growth data proved short lived. "Stock markets are going through a period of churn as investors digest a slew of corporate results, notably from European banks and US tech firms," Jasper Lawler, analyst at CMC Markets, said in an investors' note. "The FTSE 100, like the other main European indices, reversed early losses to make small gains