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Growth worries dent stock markets

European turmoil outweighed relief over the US bail-out, analysts said.
World stock markets have fallen steeply after government bank bail-outs in the US and Europe failed to stem fears of slower global economic growth.

The key share indexes in the UK, France and Germany had all fallen about 5% by mid-afternoon while on Wall Street the main US markets opened 2.5% lower.

Earlier Asian stocks had taken a hammering from investors.

A failure of government intervention to improve bank's willingness to lend had left markets anxious, said analysts.

http://news.bbc.co.uk/2/hi/business/7654025.stm