European banks fall in nervy trade European equities edged down on Tuesday as the latest Greek bail-out deal left investors unimpressed. The FTSE Eurofirst 300 came off its recent seven-month high, slipping 0.7 per cent to 1,083.90. "The issue is that, once again, Greece has promised a lot, but has failed so far to deliver on much of what it has promised," wrote Andrew Garthwaite, global equity strategist at Credit Suisse. European lenders bore the brunt of the selling. Intesa Sanpaolo fell 3.1 per cent to €1.52, while Deutsche Bank slipped 3 per cent to €33.55. The Athens General index fell 2.2 per cent to 807.30, with Greek lenders leading the way down. Alpha Bank sank 9.4 per cent to €1.64, while National Bank of Greece also sank 7.1 per cent to €2.75. Elsewhere, broker commentary drove the market. Belgian supermarket chain Colruyt sank 3.5 per cent to €28.78 after Goldman Sachs put the stock on its conviction "sell" list from "neutral." In Frankfurt, ThyssenKrupp sank 3.3 per cent to €20.68 after analysts at UBS cut the stock to "sell" from "neutral" and forecast "another tough year" for the German steelmaker. The Xetra Dax fell 0.7 per cent to 6,903.56. Renault provided one of the few bright spots on the FTSE Eurofirst 300, rising 2.1 per cent to €41.90 as the stock continued its strong start to 2012. The French carmaker has been supported by a barrage of positive broker comment since the new year, with Citigroup becoming the latest broker to raise its target price on the French carmaker, increasing it to €46 from €35. Renault is up more than 55 per cent since the start of January. Renault's peer, Peugeot, slipped 1.6 per cent to €14.30 during morning trading. The CAC 40 index as a whole fell 0.8 per cent to 3,443.28. TNT Express, the Dutch mail group, slipped 2.4 per cent to €9.94 after it gained 60.5 per cent in the previous session, following a takeover bid from United Parcel Service.