Dow bounces as G7 gathers

NEW: Deutsche Bank says it expects the economy to worsen President Bush tries to reassure markets about bailout plan London's FTSE, Paris' CAC, Frankfurt's DAX close heavily down Britain's finance minister says world must unite and act now (CNN) -- The Dow Jones bounced Friday after plunging nearly 700 points on the back of world markets which have seen trillions wiped off their value as the financial crisis continues to rock confidence. A New York trader Friday morning watched the Dow go down, up and down again. President Bush tried to reassure markets Friday that a $700 billion bailout for Wall Street will work. Finance ministers from the G7 bloc of leading economies are in Washington for an emergency meeting. Britain's finance secretary Alistair Darling told CNN they need to stop discussing ideas and starting acting on... [read full story]