European stocks swing lower

European stocks pulled back on Thursday during another choppy trading session, as global markets struggled to recover from recent volatility, reports CNBC.
The pan-European Stoxx 600 was down 0.2 per cent by mid-afternoon, having given back earlier gains of more than 0.8 per cent. Oil and gas stocks slid 1.4 per cent while autos added 1.3 per cent.
The choppy trade in Europe came after regional markets closed lower on Wednesday as the positive trend seen in global stocks in recent days faded, particularly after euro zone PMI data fell to a 20-month low, cementing fears of a recession across the 19-member currency bloc.
US stock futures were slightly lower Thursday morning after falling in the regular trading session and breaking a massive two-day rally, while shares in the Asia-Pacific were mixed overnight after Wall Street's rally fizzled.
Swedish commercial property company Castellum continued its rise in late-afternoon deals Thursday, gaining almost 15 per cent and jumping to the top of the Stoxx 600.
It comes after the firm permitted shareholder M2 Asset Management to divest about 40 million shares.