Schroders' Richard Buxton has warned investors the chances of the FTSE 100 breaking through the 6,000 level within the next 12 to 18 months is remote.

The eurozone debt crisis has forced the managers of the Waverton Asia Pacific fund to abandon their growth strategy in favour of defensive stocks after a dire period for performance.

Neptune's Rob Burnett is eyeing European banks for his equity portfolio as he believes the sector will be supported by full fiscal union - an option he thinks is becoming increasingly likely to rescue Europe from its debt crisis.

Income giants Jupiter's Anthony Nutt and Invesco Perpetual's Neil Woodford are divided over the likelihood of the UK falling back into recession.

Mark Holden has revamped the Ignis UK Focus fund since taking over last month by cutting all financials exposure, reducing the number of holdings and increasing cash.

German insurer Allianz has seen profits fall 80% in the third quarter as the impact of investments in European banks, and Greece, impacted returns.

Eurozone leaders need to act within the next few days or it will be "game over" for the euro, warned Kames Capital's Phil Milburn.

The European Union has slashed its 2012 growth forecast for the eurozone by 1.3% as the European Commissioner warns the risk of a new recession has increased.

Credit ratings agency Moody's has given the European Financial Stability Facility (EFSF) 10-year €3bn benchmark bond an Aaa rating.

Fears of France and Spain being the next to suffer in the eurozone debt crisis intensified as 10-year bond spreads reached euro-era highs above German yields yesterday.