Germany is calling for a European wide ban on short-selling.

Stock markets continued their revival today as US retail sales came in better than expected and European markets reacted favourably to the short-selling ban imposed overnight.

Shares tumbled again today as many global markets entered official bear market territory after one of the worst days on Wall Street since the collapse of Lehman Brothers in 2008.

Europe’s panic-ridden stock markets held firm today despite another disastrous session on Wall Street.

Asian stocks markets were thrown into a tailspin today as flustered investors fearing a possible global recession continued to flee stocks.

US stocks plummeted at the close of business on the first trading day since Standard & Poor’s downgraded American debt.

European markets piled up more losses today as emergency action to shore up Italy and Spain failed to prevent further turmoil.

The slump in world markets continued today despite efforts by world leaders to calm the crisis.

Asian stocks nosedived today as the first ever downgrade of the US government’s credit rating jolted global financial markets, reinforcing fears that the world economy is weakening.

Treasury secretary Timothy Geithner said today credit rating agency Standard & Poor’s showed “terrible judgment” in lowering the US government’s AAA status.

The European Central Bank has confirmed it will intervene in financial markets today in a significant move to ensure stability in the Eurozone.