Turmoil on stock markets persists

continuous fall in stock markets due to instability of weak US economic condition and eurozone debt crises, despite better-than-expected US jobs figures.

There have been sharp falls in the past 24 hours amid a crisis of confidence due to the eurozone debt crisis and concerns about weak economic recovery in the US and Europe.
A fall in the US jobless rate caused the US markets to open higher and gave temporary relief to European indexes.
But London's FTSE and Frankfurt's Dax were still down about 2% again.
European markets had been fell as much as 4% in the morning, before recovering, and then lurching back down again by mid-afternoon.
In London, the FTSE 100 closed down 2.7%, with banking shares such as Lloyds, RBS and Barclays suffering falls as large as 7%.In UK Barklays bank and HSBC start downsizing globally.
In Germany the Dax closed down 2.7%, while the French Cac 40 ended just over 1% down.

Europe shares fall as global share sell-off continues

Eurozone stock markets have continued the steep share sell-off, with investors are worried about both the eurozone debt crisis and the weak US economy. Asian stock markets are also effected with this fear.

In volatile trade, the UK's benchmark FTSE 100 index and Germany's Dax index were both shred down more than 2%.
This is happening due to "fear" affecting investments and dissatisfaction about lack of government action.
But European Commissioner Olli Rehn said he thought the movements were "unjustified" and "incomprehensible".
Mr Rehn, who is Economic and Monetary Affairs Commissioner, tried to assure markets by saying "the political will to defend the euro should not be underestimated".
He stressed that measures to improve the scope and effectiveness of the 440bn-euros rescue fund, the European Financial Stability Facility, agreed last month, these funds should be in place by September.