Stock markets in Europe started strongly on Wednesday in the wake of Donald Trump's victory in the US presidential election, but the gains have been erased in the afternoon.

The German DAX index is now trading down half a percent for the day. On the Stockholm Stock Exchange, the OMXS30 index and the OMXSPI are trading around zero after having been up at most around 2 percent during the morning.

The laggards in the OMXS30 are Sinch, which falls almost 25 percent on its interim report, and Nibe, which is down 6.8 percent. Meanwhile, pharmaceutical giant Astra Zeneca reversed a clear rise to minus after new information about the investigation in China, which yesterday caused the share to fall.

Several engineering companies are still up for the day, while banks are trading down.

In the US, futures are pointing to clear gains when trading starts shortly.