The reluctance of central banks across the globe to introduce further financial stimulus measures appears to be having a negative impact on European shares.
According to Reuters, investors have been left disappointed by a lack of activity by major financial institutions in the past few weeks.
The Bank of Japan was the latest to decide against monetary stimulus measures and this has caused the pan-European FTSEurofirst 300 index to open 0.8 per cent lower this morning (June 11th).
This follows on from last week's announcement by the European Central Bank that interest rates would remain unchanged, while the US Federal Reserve also hinted the nation's asset purchasing programme could be scaled back.
Experts believe today's dip reiterates the fact that markets are heavily dependant on what the central banks are doing.
Last week, the Bank of England confirmed it would maintain the bank rate at 0.5 per cent and it would keep asset purchases financed by the issuance of central bank reserves at £375 billion ($583 billion).
By Tony Aynsley