US and European stock markets have fallen on fears that the European debt crisis is worsening.
Wall Street stocks fell more than 2% in early tradin on Tuesday but recovered to close with modest losses.
Markets in France and Germany ended the day lower, while London's FTSE 100 bucked the trend, rising just over 1%.
Bank shares had suffered the biggest declines due to continuing fears about banks' exposure to the debt crisis.
The Swiss franc lost nearly 10% against the euro after Switzerland's central bank set a limit of 1.20 francs to the euro in an attempt to keep its currency strength from damaging the economy.
Global investors have poured money into the Swiss franc seeking a relatively safe asset.
