European indices reversed early gains after moving up for four days supported by U.S. indices after the FED statement and good U.S. employment data. Today Italian Banks were downgraded by S&P, weighing on the markets. The energy sector was under pressure again as oil prices further decline. Earlier in the session markets found support in a better-than-expected Gfk Consumer Confidence Survey.

In today's session the FTSE 100 index added +0.30% supported by better-than expected CBI Reatil Sales quoted at 6,485.40 points, France's CAC 40 lost -0.72% trading at 4,218.75. Germany's DAX 30 is currently trading -0.71% at 9,741.44 points.