European shares erase gains, euro off session low as Draghi signals risks

LONDON (Reuters) - Europe's shares markets erased earlier gains and the euro rose off session lows after ECB President Mario Draghi said economic momentum was weakening but downplayed deploying LTRO funding.Money markets also trimmed expectations of a European Central Bank interest rate rise this year.A pan-European equity index was up only 0.1 percent by 1415 GMT while banking stocks fell more than one percent as Draghi spoke.Draghi said money market which are pricing the first rate rise in..