European markets were lower Thursday on intensifying worries concerning the subprime sector. The FTSE Eurofirst 300 fell 1.82 percent to 1,526.04. In Madrid the IBEX dropped 1.11 percent to 14,838.3, while the Dax was 2 percent lower to 7,453.59 in Frankfurt and the Paris CAC-40 dropped 5,624.78. Banks declined after BNP Paribas (Euronext: BNP; TYO: [...]

The FTSE Eurofirst 300 was 0.4 percent higher to 1,357.94 on Thursday as much of the Italian banking sector saw gains on the day. The success of the sector also sent the S&P/MIB index in Italy up by 1.2 percent to 37,733. The major exception to the gains in Italian banks was UniCredit, which was [...]