Western Europe – markets trade listless as lack of direction hits the bourses. ZEW came out unexpectedly stronger but failed to inspire any larger action. MAN AG falling over 6% as Q1 results disappoint investors, UBS on the contrary gaining over 3.5% as net profit on the top end of analyst expectations. Nokia builds on gains from yesterday, Daimler-Chrysler losing for a second day in a row. Linde still in the red despite DrKW voicing opinion that 9% fall over the last 2 days is overdone and figures to be released on Thu will come in-line.