European stocks reversed course on Tuesday, snapping overnight gains in real estate and mining shares as traders awaited German investor-confidence data for Janaury. The pan-European benchmark Stoxx 600 was down for the first time in three day, reversing yesterday`s 0.37% rally which was driven by a recent rebound on optimsim prime minister-designate Matteo Renzi will be able to form a government to push on economic maneuvor. But news that People`s Bank of China (PBoC) has flushed away funds from the financial system kept bourses on alert. As of 04:04 ET: - Stoxx Europe 600 fell 0.38% to 333.29 - Stoxx Europe 50 fell 0.33% to 2,929.80 The PBoC`s surprise leaped over Shanghai overnight and hit European bourses this morning, with the major benchamrk performing as follows: - Milan`s FTSE MIB was down 0.19% at 20,419.94 - London`s FTSE 100 was down 0.26% at 6,718.34 - Paris`s CAC 40 was down 0.44% at 4,316 - Frankfurt`s DAX 30 was down 0.16% at 9,641.48 Meanwhile, US stocks index-futures were little changed, while Asian stocks jumped overnight after the Bank of Japan doubled incentives to sput bank lending. The US markets are opening today and the trading volumes are expected to pick up again after a subdued trade yesterday as the US celebrated the US Presdient`s Day. The macroeconomic agenda will offer key numbers today, starting wih inflation figures due from the UK as well as the ZEW economic survey for Germany, which may show investor confidence rose this month to 44.0 from 41.2 in Janaury, according to analysts` median forecast. Today`s inflation readings from the UK showed the consumer price index dropped below the Bank of England`s threshold for the first time since 2009. The CPI rose an annual 1.9% from a year ago, down from 2% in December.