Last Updated at 10:08 ET
| Dow Jones | 11098.73 | Down | -197.08 | -1.74% |
| Nasdaq | 2498.96 | Down | -30.18 | -1.19% |
| S&P 500 | 1170.63 | Down | -15.27 | -1.29% |
| FTSE 100 | 5227.02 | Down | -113.36 | -2.12% |
| Dax | 5223.41 | Down | -185.05 | -3.42% |
| BBC Global 30 | 5248.07 | Down | -49.52 | -0.93% |
US and European shares have fallen as concerns continue about the strength of the economy.
Wall Street's Dow Jones index dropped 1.7%, which in turned pulled European shares lower. German shares fell 2.7%, UK shares declined 1.5% and French stocks also dropped.
Bank stocks were the most heavily affected.
Investors shrugged off President Barack Obama's new $450bn (�282bn) jobs plan to boost the world's largest economy.
Concerns also linger over the eurozone debt crisis.
The European Central Bank's chief economist Juergen Stark also resigned.
Reuters reported that it was over disagreements over the central bank's buying the debt of struggling eurozone economies.
The share falls come at the end of another week of volatility in the stock markets, with shares swinging wildly between gains and losses on a daily basis.
Bank stocks were among the major decliners on Friday as investors continue to worry about their exposure to bad debt.
Deutsche Bank fell 4.5%. In the UK, Royal Bank of Scotland and Barclays dropped 8%.
France's Societe Generale was 10% lower and Credit Agricole was down 7%.
The G7 group of leading economies is meeting in Marseille to consider a "coordinated response" to the faltering global economy.
Source: http://www.bbc.co.uk/go/rss/int/news/-/news/business-14852010
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