Paris - After falling to a five-year low, the Paris Bourse rebounded on Friday to limit its losses amidst anxiety about corporate earnings and OPEC's announcement that it will cut oil production by 1.5 million barrels per day.

The benchmark CAC 40 ended the session off by 3.54 per cent, at 3,193.79, after plunging more than 10 per cent earlier in the day to its lowest level since May 2003.

Car maker Renault was the day's biggest loser, giving up 12.55 per cent, to 22.20 euros, its lowest level in 10 years.

On Friday, both Renault and its domestic rival CSA Citroen Peugeot announced drastic production cutbacks for the fourth quarter of 2008 and revised downward their revenue forecasts because of a drop in demand for cars in western Europe.

European aerospace group EADS led the small group of advancing issues, rising by 3.86 per cent, to 11.02 euros, because of the continuing slide of the euro.

EADS foreign sales are conducted primarily in dollars, and the strength of the single currency has put the firm at a disadvantage.

EADS head Louis Gallois recently called the dollar's plunge "very clearly an existential threat (to EADS), not immediately, but in the long term." (dpa)