The stock markets across Europe erased early gains and fell into losses as bank shares and mining stocks dropped. At the time of writing, the pan-European Stoxx 50 index was down 1.65%. Germany’s DAX was down 1.5% and France’s CAC was down 2%. UK’s FTSE was down 0.80%. German lender Deutsche bank erased gains and now trades 1.3% lower on the day. UK miners - Antofagasta and Rio Tinto were down 8.7% and 5.7%, respectively. The drop in the markets today goes unexplained, since the oil prices are trading higher. For more information, read our latest forex news.