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US stocks have fallen in afternoon trade - reversing earlier gains, amid ongoing fears over market volatility.
The Dow Jones industrial average dropped 0.65%, to 12,993.81.
But European shares closed higher, led by mining and metals companies. France's Cac-40 closed 0.67% up and London's FTSE 100 rose 0.24%.
A surprise move by the US to cut a key bank lending rate on Friday had buoyed markets worldwide, but concerns over credit problems persisted in the US.
Originally posted by OBE1
Kind of a Pink Sheets for private companies and rich guys. Amazing timing.