LONDON (AP) - The Latest on global financial markets (all times local):
LONDON (AP) — The Latest on global financial markets (all times local):
The rally across European stock markets ran out of steam in early trading after a soft overnight performance in Asia and as oil prices weakened again.
Among the major indexes, Germany's DAX is trading 0.9 percent lower at 9,485, while the FTSE 100 index of leading British shares is down 0.7 percent at 5,996.
After last week's strong performance and Monday's big gains, most indexes in Europe remain well up from their recent lows.
However, Mike van Dulken, Head of Research at Accendo Markets, says Tuesday's soft start suggests that the recent momentum "has run its course and markets are in need of something else to get their teeth in to the drive us further north, or send us back south."