European stocks subdued amid ECB disappointment, lower Oil

The European stocks set-off the final trading day of the week on a weaker footing, tracking negative performance on their Asian counterparts. The banking stocks traded with heavy losses and weighed negatively on the European indices.

Moreover, renewed weakness in oil prices combined with yesterday’s disappointing ECB decision, also act as a drag on the markets. While investors also remain cautious against the back drop of resurgence of geo-political tensions surrounding North Korea. North Korea confirmed that it conducted a test of a nuclear weapon today.

Meanwhile, Germany's DAX 30 index drops -0.16% to 10,658, while the UK's FTSE 100 index trades -0.21% lower at 6,884. Among the other indices, the French CAC 40 index edges -0.06% lower at 4,540, while the pan-European Euro Stoxx 50 index trades modestly flat around 3,085.