European markets moving down slightly in mid-session

European shares were down slightly on Monday in mid-session, the initiated rebound Thursday having been interrupted by the decline in oil stocks in the wake of relapse in crude, a scenario likely to be repeated on Wall Street, given the first indications available.
In Paris, the CAC 40 (-0.58% 311.33 PX1-4) yielded 0.24% (-10.34 points) to 4326.35 point to 13.00. In Frankfurt, the Dax lost 0.13% while in London the FTSE was stable. The pan-European FTSEurofirst 300 index was down 0.4% and the EuroStoxx 50 of the euro area by 0.3%. Futures on New York indexes indicate a Wall Street opened down about 0.3%.
Wall Street and European stock markets last week signed their first weekly gain of the year, driven by a surge of nearly 15% in oil prices on Thursday and Friday sessions.
Before the opening of Europe, the black gold seemed to continue its momentum, gaining up to 1.5%, but now loses more than 3.5% within the scope of the profits made statements and after recall from the position of imbalance between supply and demand on the world market, largely responsible for the slide seen over the last 18 months.
The Iraqi oil minister told Reuters that the country’s production reached a record in December. The Director General of the National Saudi company Aramco said it would not reduce new investment in oil and gas capacity.
The index, composed of European oil stocks, which had returned 4.66% Friday, bringing with it all of Europe, subsequently falls 1.90%, the highest sectoral decline.
It is followed closely by banking index (-1.88%), pulled down by a new dive of the Italian banking stocks, whose benchmark yields 2.6%.
The securities Banca Popolare di Milano (BPM) and UBI Banca were down 4% and 4.7%, respectively, in response to press reports suggesting a possible merger with Banca three Banca Monte dei Paschi di Siena (+ 1.0%) .
Going against the current of the main European stock exchanges Athens instead increased by more than 1%, driven by the Standard & Poor’s decision to raise the sovereign rating of Greece, which rises from “CCC +” to “B-” .
The Lisbon Stock Exchange in advance for its share of 0.4% after Marcelo Rebelo de Sousa election, candidate of the right, in the first round of the presidential election in Portugal.
The dollar retreated against a basket of international currencies (-0.23%) before the monetary policy meeting of the US Federal Reserve, which is expected to close Wednesday by the status quo.
Faced with the many uncertainties that are sought assets considered safe, such as German Bunds, gold, yen and Swiss franc.

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