European markets moved down after Tuesdays big gains mainly due to a decline in banking stocks. Banks helped in Tuesday’s gains as fears about the Dubai debt crisis waned. However, the Royal Bank of Scotland dropped some 7 percent. Also slightly down HSBC, BNP Paribas, Deutsche Bank to name but a few. The worlds largest mobile manufacturer Nokia fell a tad. The company believes that demand for new phones will grow by some 10 percent in 2010, higher than expected. Across Europe the FTSE, the German DAX and the French CAC40 all posted slight drops. And its all the sevens for Brent oil currently trading at 77.77 cents.