European share markets reverse earlier gains

European stock markets have lost earlier gains amid continuing fears over the eurozone debt crisis and the health of Europeans banks.

After opening with gains of around 2%, London's FTSE index, Germany's Dax index and France's Cac 40 lose the rises to trade flat.

French banking sector shares had been among the biggest gainers, with Societe Generale shares up 8% in morning trade.

But in volatile trading, the bank's shares were down 8% by lunchtime.

Threat about the financial stability of France and its banks had been a key trigger for Wednesday's steep falls.

Rumours had swept the stock market that France was about to lose its AAA credit rating and that Societe Generale was in line for a government bailout.

Denials came from both the French Treasury and Societe Generale, whose chief executive, Frederic Oudea, said the rumours were "absolutely rubbish" in an interview with CNBC television after the stock market closed.

Mr Oudea also spoke to France Info radio. "People are scared," he said, "so the tiniest information touches off irrational threat. To our clients, we have to tell them that these rumours are not true and that they can have confidence in Societe Generale."

The bank has asked the French Market Authorities to investigate the source of the rumours, which left its shares 23% lower at one point during Wednesday's trading.

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.

Global markets dive after Wall Street sell-off

Today is bad day for global stock markets. Stock markets in Asia and Europe recorded sharp declines Friday, today Wall Street had its worst day since the 2008 financial crisis.

Japan's Nikkei and South Korea's Kospi both closed down 3.72% and 3.70% respectively. Australia's All Ordinaries closed fall more than 4%.

Hong Kong's Hang Seng was fall more than 4% in afternoon trading, while China's Shanghai SE Composite Index was fall 2.2%.

The UK FTSE 100 Index and Germany's Dax index were both around 2.5% down.

The falls came after the Dow tumbled 512 points Thursday -- its ninth deepest point drop ever -- as fear about the global economy spooked investors. Investor are fear due to eurozonr debt crises and US economy.