Banks bail-out: What the experts say

Keith Bowman, equity analyst at Hargreaves Lansdown Stockbrokers said the markets today are seeing a "relief rally" but that it is impossible to rule out further volatility this week. "There is certainly reassurance given by the government action across the world, particularly across Europe. People are happy to see that they got some sort of coordinated plan together. "In the UK there have been substantial moves to bolster major banks but investors shouldn't get too excited, credit is unlikely to unfreeze overnight or in days, it will take several weeks before we see any real effect." Bowman said that Friday's bloodbath on the markets was probably due to uncertainty over any coordinated action from Europe and fears that leaders were not acting quick enough. "There is also an element of recessionary economics coming in.... [read full story]