The European stocks are declining after yesterday's strong rebound, given the retreat of the banks and commodities corporations' shares, due to the decline of metal and oil prices. The banks are retracing, after being the strongest winners yesterday, while the energy corporations are falling, given the oil prices decline, now trading at 77 dollars per barrel.

Today, the investors' focus will turn to the US, where the second GDP estimate and housing prices will be printed.

/