Stop playing the European property sector as a macro play and rather look at individual stocks and distinguish which companies are creating value for shareholders, Sven Janssen from Sal Oppenheim told CNBC.

The UK economy seems to be weakening quite quickly so there will likely be another rate cut, according to Ruth Lea from Arbuthnot Banking Group.

"I think if I were voting, I would vote to hold. I think there's so much uncertainty at the present time. We're at the end of a long period of dis-inflation and people are going to have to get used to the idea that those golden days are over," Sir Brian Pitman, senior adviser at Morgan Stanley & former CEO of Lloyds TSB, said.

With oil hitting record highs above $123, oil services companies are looking attractive. Edward Collins from New Star Asset Management likes Hunting and Lamprell, as well as BG and Centrica.

Strong platinum prices helped Lonmin report a 63% rise in first-half earnings per share Thursday. CEO Brad Mills says the second half is typically stronger.

A slowing US market and a stronger yen put the breaks on growth at Toyota, but Graeme Maxton from The Insight Bureau says the automaker is still at the top of the industry.

European Central Bank members meet in Athens Thursday to decide on interest rates. "Overall we expect President Trichet to signal rates will stay on hold in the foreseeable future," Platon Monokrousos from Eurobank told CNBC's Silvia Wadhwa.

"Clearly the market's backed away from thinking we'll get anything today. That said, I think there is a strong case with the recent survey material for the bank to seriously consider moving," said Simon Rubinsohn from RICS on whether the BoE will hold or cut rates.

"Certainly, on the European side, the ECB will be about rhetoric, so we don't expect any move there," Christian Gattiker-Ericsson from Julius Baer said as he discusses European investment strategies.