European stocks track Deutsche bank lower

The stocks on the European bourses set-off the week on a positive tone, although quickly faded the gains as cautiousness seeped back into the markets, after the shares of Deutsche bank fell almost 3% amid failure to reach a settlement with the US Department of Justice (DOJ) over $ 14bn charges.

Moreover, airliner stocks extended losses from last week, after Air France KLM reported that its Sept traffic figures were a tad weaker than expectations. Last week, Easy Jet shares slumped after the company issued a profit-warning.

Additionally, energy and resource sector stocks also took a hit on the back of lower oil prices, as investors await fresh incentives from the OPEC and non-OPEC producers meeting scheduled later this week in Istanbul.

Meanwhile, Germany's DAX 30 index drops -0.15% to 10,475, while the UK's FTSE 100 index trades muted around 7,045. Among the other indices, the French CAC 40 index declines -0.26% to 4,440, while the pan-European Euro Stoxx 50 index skids -0.34% to trade just below 3k mark.