European markets wobble as Banking stocks weigh

The stocks on the European bourses took a pause from the post-Brexit recovery mode, and continue to waver in recent dealings, after having opened on a negative note.

The downbeat sentiment seen across the European market is largely backed by sharp declines in the banking sector stocks. Shares in Deutsche Bank and Santander were the biggest losers, down 4% and 3% respectively, after their US units failed to clear the stress test again this year.

Markets also remained jittery ahead of the UK political declarations and growing uncertainty triggered by the Brexit decision. Meanwhile investors shrugged-off the economic releases out of the UK and Eurozone as the Brexit-related headlines continued to dominate market sentiment.

Germany's DAX 30 index trades -0.17% lower at 9,597, while the UK's FTSE 100 index trades modestly flat at 6,356. French CAC 40 index advanced 0.11% to 4,201, while the Euro Stoxx 50 index traded almost unchanged at 2,833.