Published: May 07, 2010 10:16 AM EDT

LONDON (AP) - World markets fell sharply Friday following a huge sell-off on Wall Street and amid fears that Europe's debt crisis could spread and derail the global economic recovery.

In Britain, where investors were grappling with uncertain general election results, the FTSE 100 index was down 52.86 points, or 1 percent, at 5,208.13 following a slide in the pound.

Germany's DAX fell 58.81 points, or 1 percent, at 5,849.45 while the CAC-40 in France was 87.65 points, or 2.5 percent, lower at 3,468.46.

The falls in Europe follow big declines in Asia - Japan's benchmark Nikkei index closed 3.1 percent down at 10,364.59.