Due to Bank of Japan's (BOJ) refusal to undertake programs for stimulus expansion, stocks from Europe fell. Asian shares slipped as well, while U.S. Stocks remain unchanged.

The European stock fall is highly attributed to to BOJ's refraining from stimulus expanision. This also comes after Germany's court began proceedings regarding the European Central Bank's (ECB) plans to buy bonds.

The Stoxx Europe Index 600 reported a slip of 0.5 percent to 293.77, 8:04 a.m. London time. MCSI Asia-Pacific Index fell by 0.8 percent. Standard & Poor's Index 500 futures saw a decline on 0.2 percent.

Stan Shamu, a strategist at IG Markets based in Australia, said that the European market is expected to be in focus later in the day with day one of the proceedings in Germany "ruling on the OMT program kicking off."

The country's highest court will commence the hearing on the ECB's Outright Monetary Transactions plan and is expected to last for two days.