Market Update
Shares in Europe started higher but gave back gains later to trade choppy, as the sentiment boost after Greece approved spending cuts recently to avoid a near-term default appeared to be petering out.
At the time of writing, Britain's FTSE, France's CAC and Germany's DAX were trading 0.1% to 0.3% lower.
Bank shares, however, were broadly higher continuing their recent rally: Barclays, BNP Paribas, Lloyds Banking Group and Societe Generale added 0.3% to 1.1%.
The move lower was led by miners as BHP Billiton, Rio Tinto, Xstrata and Anglo American fell 0.4% to 0.8%. While automakers BMW, Renault and Daimler were off 0.6% to 1.3%.
In news-driven movers, shares of Vodafone Group declined 0.7% amid reports said, quoting sources, the telecom giant had agreed to pay taxes on a stake buy in India's Essar, in a bid to settle a long-drawn case with the nation's tax authorities.