The Fed provided 35 billion dollars on Friday. After the opening bell, Wall Street was trading 1.4 percentage points lower. Tracking US stocks, European shares extended their losses. The pan-European Footsie was down almost 3 percent. Asociate director of Montsegur Finance, Francois Chaulet: “One week ago banks and insurers released excellent results for the first quarter of 2007 on the financial results of their activities, with progressions and even surprises that surpassed the expectations of analysts. But if they have not been damaged either in their results or in their own funds, there are certainly indications that some of their clients have been damaged.” There is fear cheap credit that has fuelled global growth could be at risk.