Europe’s premier index, the STOXX 600, was down 0.3% as of 0810 GMT after climbing to a more than two-week high on Monday following a report that suggested U.S. President-elect Donald Trump may opt for a less aggressive tariff strategy.
Trump later denied the report, adding to the uncertainty.
On the day, healthcare was amongst the top losers early on, falling 0.8% with index heavyweight Novo Nordisk down 2.1%, while AstraZeneca fell 1.5%.
Insurance eased 1.2%, while banks dipped close to 1%.
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Focus will be on euro zone inflation reading due later in the session. French consumer prices, meanwhile, rose less than anticipated in December. Sodexo slid 6.1% after the French food caterer missed market expectations on first-quarter organic revenue. Next advanced 2.7% after the British clothing retailer lifted its annual profit outlook for the fourth time in six months.
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