European markets saw choppy trade Thursday, although banking stocks maintained strong gains.
The pan-European Stoxx 600 was down 0.59% as trading closed in London, after flipping between mild losses and gains during the morning.
Banking stocks, however, added 1.71% following a Morgan Stanley analyst note upgrading the banking sector. The euro zone bank index hit its highest level since June 10, Reuters reported.
The U.K.'s FTSE 100 index closed up 0.07% as France's CAC 40 fell 1.04% and Germany's DAX dipped 0.55%.
European markets closed lower on Wednesday as investors reacted to the latest inflation data out of the U.S. while Wall Street saw modest gains following a massive sell-off for U.S. stocks on Tuesday.
Shares in the Asia-Pacific mildly rose on Thursday after a negative session Wednesday.