Author: Elena Todorova
123jump.com
Last Update: 12:50 PM EDT May 03 2006

European stocks finished sharply down on oil prices and weaker dollar against the euro. Shares of automakers lost ground, with BMW AG falling 2.7% and Volkswagen, down 1.7%. Deutsche Bank and insurer Allianz declined 1.7% each. The German DAX 30 dropped 1.4%, the French CAC 40 declined 0.9%, and London FTSE 100 fell 1.2%.