The uncertainty followed words from ECB President Mario Draghi who made cautious comments on the state of Europe’s economy.
The FTSE 100 shed 22 points (-0.4%) to settle at 5365, whilst the CAC added two points and the DAX shed 31 (-0.5%).
Stateside, US stocks retreated but on light volumes, with the Dow Jones letting go of 100 points (-0.8%) to settle at 11766, whilst the S&P 500 (-1.3%) and Nasdaq (-1.3%) endured heavier falls.
Our dollar lost ground against the greenback overnight, slipping below the US$0.99 handle into a low of $0.9880.
Oil rose 0.4% to US$93.88 a barrel as protests in Kazakhstan raised fears of supply disruption.
Base metals were weaker on the LME as traders focused on the concerns for global growth; zinc (-1.6%) and aluminium (-2.1%) were the worst in show.
Gold was flat at US$1,594.40 an ounce.
In company news, Macmahon Holdings (MAH) has upgraded its FY12 profit guidance to more than $55 million, from the previous $45 million.
Today’s session will bring us data in the form of the latest RBA monetary policy meeting minutes, due out at 11:30am, AEDT.