The UK’s top share index steadied as earnings were a source of weakness for Persimmon and Marks & Spencer, though gains in heavyweight consumer goods firms.
Banks and technology have been the best performers over the past year.
Banking stocks dropped and the dollar slipped as doubts over tax cuts and bond market moves hurt profitability and raised questions.
Wienerberger reduced its full-year core profit target by 2.5 percent after orders for international projects and demand in France fell short of expectations.
The pan-European STOXX 600 steadied by 0830 GMT, recovering from the previous session's fall.
Indian shares rose slightly, as banks recovered from recent losses, but gains were capped as Reliance Industries fell on oil price worries.
Britain’s FTSE 100 futures were down 0.1 percent ahead of the cash market open.
Shares in China Literature Ltd doubled in their debut in Hong Kong, as the online publishing arm of Tencent Holdings Ltd benefited from a rising tide.
Asian shares paused at decade peaks and the dollar dipped amid concerns Republican plans for major U.S. tax cuts were running into headwinds.