European shares decline in early trading amid renewed concerns about the global growth

European stocks fell on Wednesday morning dealings after strong gains over two sessions, with renewed investor concerns about global growth after the World Bank lowered its growth forecast this year, the banking sector led the losses with the onset of the European Central Bank to buy corporate bonds.

The Dow Jones Stoxx Europe 600 index fell 0.5 percent by 10:22 pm GMT, the index yesterday traded higher by 1.2 percent in the second daily gain in a row due to the rise in energy shares as well as receding expectations the onset of rising US interest rates.

The World Bank today cut its forecast for global growth for 2016 to 2.4 percent from 2.9 percent in the estimates announced in Jan., and returned this to weak demand in advanced economies, and a slowdown in the international trade movement, and capital spending declined, and the bank stressed that negative risks have become more obvious since the beginning of the year.

And the banking sector was the biggest loser on the European market indices during morning trading, especially after "familiar people" said that the Central Bank of Europe today officially began buying corporate bonds.

Futures for the S & P 500 rose 0.2 percent, and the index ended yesterday's trading on Wall Street higher by 0.1 percent in the second daily gain in a row, one percent away of its highest level at all.

As for the most important European market indices, euro Stoke 50 index fell 0.6 percent, France's CAC 40 index down 0.4 percent, and Germany's DAX index fell about 0.5 percent, and in the London Financial Times 100  Index fell the amount of 0.1 percent.