Monday saw European markets fall, helped by news from Morgan Stanley that Nokia stocks had been downgraded to "underperform" from "neutral". Other earnings news is awaited from technology and telecoms, making investors cautious. Both German and French indices fell by 1.5% and 0.6% respectively.
Tuesday's news was not much better despite making early gains. However, once America had woken up to digest yesterday's news, markets took a downturn, leaving Germany flat and Paris slightly up.
Wednesday was a good day for blue chips in Europe, after strong gains in the pharmaceutical and oil sectors. Technology indices made early losses due to earnings news being 'cautious'. However, once America came into the game and gains were seen by the Nasdaq, the majority of losses in Europe were clawed back.
Thursday was a good day all round, with gains seen, especially in the technology sector. Nokia released better than expected earnings news and America also appeared to be trading stronger. Paris closed up 1.3% and Germany up by almost half of a percent.
A reversal of fortune on Friday as worse than expected news from Ericsson and a weaker start in the US dampened yesterday's gains. However, by close of play at least some of the losses from throughout the day were reclaimed. On the whole it was a great week for Paris - a rise of 8% overall. Germany also managed a small gain.