S&P500 futures have been trading rangebound since Friday, and pointed to a mixed open for U.S. shares as traders return from Labor Day holiday. Nike fell in the pre-market after the sportswear-maker revealed its new ad campaign will star Colin Kaepernik who led protests during the playing of the national anthem.

The Stoxx Europe 600 index dropped 0.3% after earlier rising as much as 0.4% led by banks, miners and carmakers. Danske Bank retreats as much as 7.1%, ING falls as much as 3.2%. Danske said it is in the process of finalizing an internal investigation into allegations that its Estonian operations were used to launder billions of dollars in illicit funds; separately ING agreed to pay 775 million euros to settle an investigation by the Dutch prosecutor into issues including money laundering and corrupt practices, one of the biggest fines ever given to the country’s banks in a criminal case.

Italian government bond yields fell back from three-month highs, with investors encouraged by soothing comments from Italian ministers on forthcoming budget proposals. According to Reuters, Rome’s Economy Minister Giovanni Tria was pushing the governing coalition to keep next year’s budget deficit below 2 percent of output. Deputy Prime Minister Matteo Salvini had said on Monday that it would not breach the European Union’s 3 percent limit.

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