European markets also headed lower again Wednesday after Tuesday’s gains.
The FTSE Eurofirst 300 dropped 1.54 percent to 1,526.07.
In Frankfurt the Dax was 1.45 percent lower to 7,473.93, while the IBEX fell 1.46 percent to 14, 586.1 in Madrid and the Paris CAC-40 was down 1.68 percent to 5,654.3.
Volkswagen (FWB: VOW; OTC: VLKAY) had the best day on the Dax, where it added 1.12 percent to €134.
On the other hand, BMW (FWB: BMW) dropped 5.06 percent to €35.34.
Other gainers in Frankfurt included industrial gases group Linde (FWB: LIN) was up 0.97 percent to €87.60, while in Paris Air Liquide (Euronext: AI) dropped 2.61 percent to €93.21.
Lufthansa (FWB: LHA) added 0.73 percent to €20.83 and retailer Metro (FWB: MEO) was 0.65 percent higher to €57.56.
There were only two gainers on the CAC-40, both related to the steel sector.
Steel products manufacturer Vallourec (Euronext: VK) added 1.57 percent to €196.12, while Mittal Steel had the best day in Paris as it gained 2.21 percent to €46.74.
The utilities sector was lower, with Gaz de France (Euronext: GAZ) 2.47 percent lower to €33.50 and Suez (Euronext: SZE; NYSE: SZE) down 2.57 percent to €37.97.
Hotels operator Accor (Euronext: AC) fell 2.73 percent to €61.57, while in the pharmaceuticals sector Sanofi (Euronext: SAN; NYSE: SNY) was down 3.35 percent to €59.44.
Conglomerate Bouygues (Euronext: EN), with interests in media, construction and telecommunications, was the worst performer on the CAC-40, dropping 4.13 percent to €56.70.