Juncker says stock jump does not mean crisis over

Eurogroup Chairman Jean-Claude Juncker said on Tuesday the financial crisis was not yet over despite stock price jumps in the last two days as governments moved to bail out the stricken financial sector.

"Despite the positive reactions on the stock markets in the last two days, there is no reason to proclaim the end of the financial crisis," said Juncker, who chairs monthly meetings of euro zone finance ministers.

Speaking at the Luxembourg parliament, he also urged against "exaggerated optimism".

European nations announced huge financial rescues on Monday as governments across the continent stepped in to shield banks and restore confidence in the face of the worst financial crisis in nearly 80 years, prompting a surge in battered stock prices.

On Tuesday, U.S. President George W. Bush said the U.S. government would directly inject capital into financial institutions to help thaw frozen credit markets, create jobs and fuel economic growth.