Stock markets across Europe erased early gains and fell into losses on the back of weakness in banking shares. At the time of writing, pan-European Stoxx 50 index was down 0.40%. Germany’s DAX was down 0.63%, while France’s CAC was down 0.40%. Meanwhile, rally in the mining shares ensured UK’s FTSE managed to avoid losses. Germany’s Deutsche Bank and Commerzbank shares were down 4.41% and 3.6% respectively. Shares in Italy’s Unicredit were down 3.27%. On the other winning slide was dominated by London listed miners like Anglo American, BHP Billiton, Glencore, Antofagasta, Rio Tinto. Stock markets had opened on a positive note as risk-on mood strengthened following dovish FOMC statement. For more information, read our latest forex news.