Markets were also substantially lower in Europe on Thursday.

The FTSE Eurofirst 300 was 3.21 percent lower to 1,443.89.

The Dax dropped 2.36 percent to 7,270.07 in Frankfurt and the CAC-40 was down 3.26 percent to 5,265.47 in Paris.

In Madrid, the IBEX fell 3.68 percent to 13,986.4.

There were no winners on either the CAC-40 or the Dax on the session.

The biggest loser on the Dax was stock exchange operator Deutsche Boerse (FWB: DB1), which was 6.57 percent lower to €75.13, while the worst performance on the CAC-40 came from steel tubes manufacturer Vallourec (Euronext: VK) at 7.93 percent lower to €171.85.

Car and truck makers fell substantially.

BMW (FWB: BMW) dropped 4.23 percent to €34.99, while Renault (Euronext: RNO) was 4.42 percent lower to €91.20 and truck maker Man (FWB: EDF1) declined 6.38 percent to €96.07.

Builders and construction materials providers dropped in France.

Bouygues (Euronext: EN), which has holdings in both the construction sector and in media, was 4.36 percent lower to €50.88, while construction group Vinci (Eurnoext: DG) fell 4.48 percent to €46.70 and construction materials group Lafarge (Euronext: LG; NYSE: LR) dropped 5.09 percent to €108.43.

Property group Unibail (Euronext: UL) was down 5.9 percent to €161.50, while financial planners MLP (FWB: MLP) was down 4.17 percent to €11.50.

Among banks, Deutsche Bank (FWB: DBK; NYSE: DB) fell 1.9 percent to €91.65 and BNP Paribas (Euronext: BNP; TYO: 8665) dropped 3.1 percent to €74.67.

European markets were higher Tuesday.

The FTSE Eurofirst 300 gained 1.33 percent to 1,523.87.

In Frankfurt, the Dax was up 0.93 percent to 7,513.66, while the IBEX added 1.53 percent to 14,652.9 and the CAC-40 was 1.58 percent higher to 5,620.

Banks and insurers were both higher.

Insurer Axa (Euronext: CS; NYSE: AXA) was the best performer on the CAC-40 as it added 3.94 percent to €29.03, while in Frankfurt Allianz (FWB: ALV; NYSE: AZ) was 2.2 percent higher to €158.19.

In the banking sector, Commerzbank (FWB: CBK) led the way on the Dax with a gain of 5.32 percent to €31.11, followed by Deutsche Bank (FWB: DBK; NYSE: DB), which added 3.95 percent to €101.35.

Among French banks, Societe General (Euronext: GLE) was 3.17 percent higher to €132.32, while BNP Paribas (Euronext: BNP; TYO: 8665) gained 3.78 percent to €82.97 and Credit Agricole (Euronext: ACA) added 3.88 percent to €28.13.

The automobile and truck manufacturing sectors were mixed.

BMW (FWB: BMW) was 1.97 percent higher to €36.15, but Renault (Euronext: RNO) dropped 1.06 percent to €99.89 and Man (FWB: EDF1) fell 2.12 percent to €103.02 for the worst performance of the session on the Dax.

Tire manufacturer Michelin (Euronext: ML) had the worst day on the CAC-40 as it dropped 2.07 percent to €86.45 after it said it plans to spend $350 million to improve US production.

The semiconductors sector was lower as STMicroelectroncis (Euronext: STM; NYSE: STM) was 0.41 percent lower to €12.29 and Infineon (FWB: IFX; NYSE: IFX) fell 1.77 percent to €11.11.

Drug makers were also lower.

Schering (FWB: SCH) was 0.58 percent lower to €104.44, while Bayer (FWB: BAY; NYSE: BAY; TYO: 4863) dropped 1.93 percent to €51.22.

European markets went into reverse again on Friday.

The FTSE Eurofirst 300 was 1.34 percent lower to 1,516.42.

The IBEX was 0.98 percent lower to 14,534.3 in Madrid, while the Dax fell 1.31 percent to 7,435.67 and the Paris CAC-40 was down 1.48 percent to 5,597.89.

Volkswagen (FWB: VOW; OTC: VLKAY) had the best day on the Dax as it added 1.18 percent to €139.04, but the sector was mixed as BMW (FWB: BMW) fell 2.5 percent to €35.19.

Truck maker Man (FWB: EDF1) gained 0.43 percent to €105.67.

Airlines were also mixed.

Lufthansa (FWB: LHA) was 0.67 percent higher to €20.97, but Air France (Euronext: AF; NYSE: AKH) dropped 2.25 percent to €32.56.

Commerzbank (FWB: CBK) had the worst day on the Dax, falling 4.24 percent to €29.13, while in Paris construction materials group Lafarge (Euronext: LG; NYSE: LR) was 4.07 percent lower to €120.10 for the worst performance on the CAC-40.

Other decliners included industrial gases group Linde (FWB: LIN), which was down 2.67 percent to €86.54.

Chemicals group BASF (FWB: BFA; NYSE: BF) fell 2.18 percent to €91.65.

In the oil sector, Total (Euronext: FP; NYSE: TOT) was down on lower prices for Brent crude and as Citigroup (NYSE: C) downgraded of the sector from “overweight” to “neutral” and suggested that investors put their money in raw materials producers instead.

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.

Most European markets were also lower again on Friday.

The main exception was the IBEX, which was 0.23 percent higher to 14,574 in Madrid.

The FTSE Eurofirst 300 dropped 0.54 percent to 1,519.59. In Paris the CAC-40 was 0.55 percent lower to 5,643.96, while the Dax fell 0.76 percent to 7,451.68 in Frankfurt.

The best performance on the session on the CAC-40 came from chipmaker STMicroelectronics (Euronext: STM; NYSE: STM), which added 1.44 percent to €12.66.

Elsewhere in the semiconductors sector, Infineon (FWB: IFX; NYSE: IFX) was also higher, gaining 0.41 percent to €12.26.

The Dax saw Volkswagen (FWB: VOW; OTC: VLKAY) rise to the top with a gain of 4.91 percent to €125.40.

There were other gains in the automobile manufacturing sector as Renault (Eurnoext: RNO) was up 0.37 percent to €103.26 and Peugeot (Euronext: UG; OTC: PEUGY) added 1.17 percent to €59.75.

Not all carmakers were higher however, as BMW (FWB: BMW) dropped 2.71 percent to €35.77.

In a related sector, tire maker Michelin (Euronext: ML) had the worst day on the CAC-40 as it fell 3.72 percent to €90.08.

The worst performance on the Dax came from retailer Metro, which dropped 2.99 percent to €56.39.

Not all retailers saw declines, however, as Carrefour (Euronext: CA) added 0.62 percent to €51.64.

The media sector was mixed.

Vivendi (Euronext: VIV) added 0.29 percent to €31.53, while Lagardere (Euronext: MMB) was down 1.92 percent to €59.34 and Bouygues (Euronext: EN), which has interests in both media and construction, fell 2.09 percent to €57.61.

Another construction group, Vinci (Euronext: DG), was 0.49 percent higher to €52.86.

European equities markets saw their biggest losses in five years On Thursday.

The FTSE Eurofirst 300 dropped 2.62 percent to 1,530.56.

Among continental markets, the Dax was 2.39 percent lower to 7,508.96, while the IBEX was down 2.66 percent to 14,540.4 in Madrid and the Paris CAC-40 fell 2.78 percent to 5,675.05.

There were no winners reported on the CAC-40, while the best performance on the Dax came from electricity and natural gas utility RWE (FWB: RWE) only amounted to a gain of 1.49 percent to €79.52.

Elsewhere on the Dax, rival utility Eon (FWB: EOA; LSE: EON; NYSE: EON) was 0.38 percent higher to €117.26.

The chemicals sector was also a bit higher in Frankfurt as BASF (FWB: BFA; NYSE: BF) added 0.26 percent to €95.07 and Altana (FWB: ALT; NYSE: AAA) gained 0.7 percent to €17.35.

Car and truck makers were lower on the session.

BMW (FWB: BMW) was 2.62 percent lower to €36.73 and truck manufacturer Man (FWB: EDF1) fell 2.74 percent to €103.43, while Peugeot (Euronext: UG; OTC: PEUGY) was down 4.28 percent to €59.06 and Renault (Eurofirst: RNO) dropped 4.83 percent to €102.88.

The worst performer on the CAC-40 was tire maker Michelin (Euronext: ML), which fell 6.07 percent to €93.56.

Other decliners included hotels operator Accor (Euronext: AC), which was 4.75 percent lower to €62.95.

Construction group Vinci (Euronext: DG) was down 4.93 percent to €52.60, while drinks maker Pernod-Ricard (Euronext: RI) dropped 5.18 percent to €152.59.

The European markets saw significant declines on Tuesday.

The FTSE Eurofirst 300 dropped 1.4 percent to 1,587.23.

The least of the losers in terms of percentage was the IBEX, which was down 0.98 percent to 14,909.7 in Madrid.

In Paris the CAC-40 was 1.69 percent lower to 5,907.47, while the Dax fell 1.73 percent to 7,806.79 in Frankfurt.

Car and truck manufacturers were among the few gainers on the session.

In Paris, Peugeot (Euronext: UG; OTC: PEUGY) added 0.75 percent to €65.59 for the best performance of the day on the CAC-40.

Meanwhile truck maker Man (FWB: EDF1) had the best day on the Dax as it added 1.54 percent to €109.02.

Still, the sector remained mixed with BMW (FWB: BMW) down 2.18 percent to €38.15.

Insurers had the worst day on both the Dax and the CAC-40.

In Frankfurt Allianz (FWB: ALV; NYSE: AZ) dropped 2.44 percent to €164.07, while in Paris Axa (Euronext: CS; NYSE: AXA) fell 3.27 percent to €30.50.

Utilities were also lower, with Eon (FWB: EOA; LSE: EON; NYSE: EON) down 2.12 percent to €120.03 and Suez (Euronext: SZE; NYSE: SZE) closing at €40.33, a decline of 2.58 percent.

In the semiconductors sector, STMicroelectronics (Euronext: STM; NYSE: STM) was 2.63 percent lower to €13.71, while among oil companies Total (Euronext: FP; NYSE: TOT) fell 2.28 percent to €59.17.

Deutsche Post (FWB: DPW; LSE: DPO) was down 2.26 percent to €22.07 after a report that United Parcel Service (NYSE: UPS) has seen strong growth internationally.

Equities markets in Europe were higher on Thursday, with the FTSE Eurofirst 300 rising 0.92 percent to 1,617.76.

The IBEX added 0.99 percent to 15,207.3 in Madrid, while the Paris CAC-40 gained 1.16 percent to 6,065.5 and the Dax was 1.24 percent higher in Frankfurt to 7,991.21.

The best performer on the Dax on the session was software group SAP (FWB: SAP; NYSE: SAP), which gained 6.06 percent to €40.14 after it reported that software licensing sales were up 18 percent in the second quarter.

IT Services company Cap Gemini (Euronext: CAP) had the best day in Paris, adding 3.95 percent to €57.11.

Other gainers on the session included STMicroelectronics (Euronext: STM; NYSE: STM), which was 2.14 percent higher to €14.34 and builder Vinci (Euronext: DG), which was up 2.13 percent to €57.19.
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Engineering group Siemens (FWB: SIE; NYSE: SI) gained 2.85 percent to €108.35, while in the steel sector ThyssenKrupp (FWB: TKA; LSE: THK) added 1.7 percent to €44.34.

The automobile manufacturing sector was mixed, with Peugeot (Euronext: UG; OTC: PEUGY) up 2.29 percent to €63.10 but BMW (FWB: BMW) down 0.08 percent to €38.94.

There were only two decliners on the CAC-40.

Drinks maker Pernod-Ricard (Euronext: RI) dropped 0.04 percent to €164.53, while utility EDF (Euronext: EEN) fell 0.63 percent to €77.02.

European equities were lower on Wednesday, in some cases significantly lower on the session.

The FTSE Eurofirst 300 dropped 1.09 percent to 1,605.06.

In Madrid, the IBEX fell 0.63 percent to 15,058.6, while the Paris CAC-40 was 1.69 percent lower to 5,995.97 and the Dax dropped 1.8 percent to 7,893.61 in Frankfurt.

Carmakers were the worst performers both on the Dax and in Paris.

In Frankfurt, DaimlerChrysler (FWB: DCX; NYSE: DCX; TYO: 7663) dropped 3.09 percent to €66.51 for the worst performance on the Dax, with BMW (FWB: BMW) right behind it for the second worst of the day as it fell 2.54 percent to €39.07.

Meanwhile in Paris, Peugeot (Euronext: UG; OTC: PEUGY) was the biggest loser, dropping 3.05 percent to €61.69.

Renault (Euronext: RNO) was also lower, falling 2.8 percent to €112.50.

The carmakers were hurt by the strength of the euro, which makes exports more expensive.

Also seeing declines were hotels operator Accor (Euronext: AC), which was 2.95 percent lower to €68.10 after it reported low growth in the US.

Industrial gases group Linde (FWB: LIN) was down 2.48 percent to €87.28, while pharmaceuticals giant Bayer (FWB: BAY; NYSE: BAY; TYO: 4863) dropped 2.18 percent to €55.77.

On the other hand, Schering (FWB: SCH) was 0.08 percent higher to €104.27 as the only gainer on the Dax for the day.

There were only two gainers on the day in Paris.

Property group Unibail (Euronext: UL) was up 0.41 percent to €187.25, while drinks group Pernod-Ricard (Euronext: RI) had the best performance of the day on the 40, adding 0.59 percent to €164.59.

European markets were mostly lower Tuesday, with the notable exception of Madrid’s IBEX, which added 0.29 percent to 15,153.8.

In Paris, the CAC-40 dropped 0.43 percent to 6,099.21, while the Dax was 0.83 percent lower in Frankfurt to close at 8,038.21.

The FTSE Eurofirst 300 was down 0.49 percent to 1,622.34.

Vallourec (Euronext: VK) was the best performer on the CAC-40, adding 0.92 percent to €220.75 on rumors that Arcelor Mittal (Euronext: MT; NSYE: MT) might be interested in making a bid.

Other gainers on the day included foods group Groupe Danone (Euronext: BN; NYSE: DA), which was 0.56 percent higher to €57.08.

In the pharmaceuticals sector Schering (FWB: SCH) gained 0.34 percent to €104.60.

Chemicals group BASF (FWB: BAS; LSE: BFA; NYSE: BF) was up 0.23 percent to €99.46.

Utilities were mixed, with EDF (Euronext: EEN) 0.27 percent higher to €78.95, while Suez (Euronext: SZE; NYSE: SZE) dropped 1.11 percent to €41.16.

Banks were also mixed on the session.

In Paris Credit Agricole (Euronext: ACA) added 0.2 percent to €30.11 and Societe Generale (Euronext: GLE) was 0.75 percent higher to €139.79, but in Frankfurt Commerzbank (FWB: CBK) fell 1.41 percent to €34.94.

Carmakers saw losses on the day.

Renault (Euronext: RNO) dropped 1.21 percent to €115.74 for the worst performance of the session in Paris, while BMW (FWB: BMW) fell 1.45 to €39.90 in Frankfurt.

BMW declined even though Morgan Stanley (NYSE: MS) raised the carmaker’s target share price.

In addition, truck maker Man (FWB: EDF1) was 1.49 percent lower to €110.10.

Other losers on the session included oil company Total (Euronext: FP; NYSE: TOT), which was down 1.09 percent to €61.62 on a broker downgrade from “buy” to “hold”.

Media group Lagardere (Euronext: MMB) fell 1.2 percent to €62.60.