European shares ended the session lower, snapping a six-day winning streak, but in very thin trading with many market participants already off for the holidays.
As one analyst said: “There’s just no volume. The business for the year has been done and unless we have any unexpected announcements the market will not move much in either direction until the New Year.”
Shares remain close to their best levels in 15 months.
Banks, one of the best performers this year, were among the top losers.
Barclays, Deutsche Bank, BNP Paribas, Banco Santander and UBS all fell.
Drugmakers were also weaker. GlaxoSmithKline, AstraZeneca and Roche dropped.
Miners were also down, retreating from their sharp gains in the previous session, despite firm base metal prices.