The Central Bank Has Joined Hands To Rescue &Nbsp; European Stock Markets Have Risen Sharply.

Friday morning, Beijing time, Europe

Pan European Dow Jones Stoxx 600 index rose 2%, closing at 228.69 points.

Paris Bank of France rose 13.4%, the highest 22% in the session.

The European Central Bank and other major central banks have said they will work together with the Federal Reserve to provide a coordinated plan to provide us dollar liquidity.

European banks are facing recent worries that European banks are unable to obtain US dollar loans.

The two banks rose 5.4% and 5.9% respectively on Thursday, stimulating the French CAC 40 index to rise 3.3%, closing at 3045.62 points.

Deutsche Bank rose 5.8%, pushing the German DAX 30 index up 3.1% to 5508.24.

Steen Jakobsen, chief economist of Sheng Bao bank, said, "this has taken another step towards what I call" extreme intervention ". The last stage is that politicians and policymakers spend all their resources to solve problems.

He said, "this has become a game by delaying time in order to find a long-term solution.

I suspect this is a big step towards "supporting the market with liquidity".

French, German and Greek leaders held a conference call on Wednesday. French President Sakorzy and German Chancellor Merkel insisted that Greece stay in the euro area, while Greek Prime Minister Papandreou also said Greece was determined to achieve its goal of deficit reduction.

Merkel and Sarkozy's speech may mean that Greece will get a new round.

Cheviot David partner David Miller said, "this is another attempt to solve the European crisis by mouth instead of action."

He pointed out in his e-mail that "they use the word" emergency "to hide the differences between the parties in assisting Greece.

UBS plunged 10.8%.

The bank said it had discovered that a trader in the investment banking department had committed $2 billion in unauthorized pactions, which could lead to a loss in the third quarter.

The retail sector is the best performing segment on Thursday.

Kingfisher, a home building material retailer, rose 4.8%. The company reported a 28% increase in profits in the first half of the year and said it could create more than 1200 jobs for the UK.

The FTSE 100 index rose 2.1%, closing at 5337.54.

British Petroleum rose 2.7%.

The US government reported that BP was not the only responsible person in the Gulf of Mexico Deepwater Horizon oil field accident in 2010.

Swiss fashion retailer Hennes & Mauritz rose 7.1%, the company reported comparable sales in August, while analysts expected a 7.2% decline.

Semiconductor equipment company Aixtron fell 11.5%, and the company slashed its revenue target this year.