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By 08:10 BST, the pan-European FTSEurofirst 300 index was down by 0.04 per cent to 1,101.13 points, Reuters reports, with banks among the biggest fallers.
UBS lost 0.6 per cent and there was a one per cent dip for BNP Paribas.
There were also mixed fortunes for Renault and Daimler, which announced they are forming a cooperation deal.
The French car manufacturer was down 0.6 per cent, while shares in its German counterpart rose 0.4 per cent.
Yesterday, the FTSEurofirst 300 hit an 18-month closing high for the second time in as many sessions, buoyed by strong results in the US.
Pending home sales and non-farm payrolls data in the US helped indexes rise on Wall Street and Joshua Raymond of City Index said this surge was continued around Europe.
Posted by Greg Secker
