European markets post significant losses

(AGI) - Rome, Sept. 23 - European stock markets weresignificantly down following slower German manufacturing dataand a fall in the price of pharmaceutical shares. Paris postedthe worst result with the Cac 40 falling 1.87 percent to4,359.35 points, with Michelin shares down 3.65 percent afterbeing downgraded by UBS, and Airbus losing 3.26 percent. InLondon the Ftse 100 dropped 1.44 percent to 6,676.08 points,while in Frankfurt the Dax was down 1.58 percent at 9,595.03points, with Continental shares falling 3.79 percent and Merckinstead up 0.92 percent. In Milan the Ftse Mib lost 1.56percent,

(AGI) - Rome, Sept. 23 - European stock markets weresignificantly down following slower German manufacturing dataand a fall in the price of pharmaceutical shares. Paris postedthe worst result with the Cac 40 falling 1.87 percent to4,359.35 points, with Michelin shares down 3.65 percent afterbeing downgraded by UBS, and Airbus losing 3.26 percent. InLondon the Ftse 100 dropped 1.44 percent to 6,676.08 points,while in Frankfurt the Dax was down 1.58 percent at 9,595.03points, with Continental shares falling 3.79 percent and Merckinstead up 0.92 percent. In Milan the Ftse Mib lost 1.56percent, closing at 20,351.05 points, with Madrid's Ibex down1.33 percent at 10,801.8 points and Athens losing 2.69 percent.. .