Europe Stocks Fluctuate, U.S. Futures Drop; BNP Falls

European stocks swung between gains and losses, with the Stoxx Europe 600 Index traded near a two-year low, as bank shares reversed their earlier losses. U.S. futures dropped, while Asian shares were little changed.

BNP Paribas lost 3.3 percent as France’s largest bank denied an article in the Wall Street Journal that said it was having problems obtaining funding in U.S. dollars. Cairn Energy Plc sank 10 percent, for the largest drop on the Stoxx 600, after abandoning its second oil well in less than two months.