European markets suffered a jittery session on Friday as concern continued over Greece and Spain. Confidence in European banks was undermined by ratings agency Moody's, which cut the credit ratings of 16 Spanish banks late Thursday.
(BBC) LONDON - European markets suffer a jittery early session as concern continued over Greece and Spain. Spain's main index is trading higher after losing more than 2% early on. Some investors moved money into German bonds, which are seen as low-risk. The oil price also fell, reflecting worries about the global economy.