Europe

A strong hint from the European Central Bank it will cut interest rates next month has buoyed markets in early trading, following sharp gains in the US and Asia overnight.

Martin Currie is planning to convert its European fund into an income mandate as co-manager Eric Woehrling departs the firm, Investment Week understands.

European officials are reportedly working on a grand plan to save the eurozone involving a major bank recapitalisation, giving the bailout fund several trillion euros of firepower, and a possible Greek default.

HSBC European Growth manager Nick Dowell is continuing to overweight European banking stocks, suggesting it may not be possible to kick Greece out of the eurozone.

Jupiter European Special Situations manager slashed exposure to ‘one-way bet'

GREECE DEFAULTS BUT STAYS IN EURO

Fears over liquidity and sovereign debt contagion mean the threat of nationalisation has spread to leading players in Europe's banking sector.

Tim Mycock, head of real estate at Future Capital Partners, explores the investment potential of Montenegro.

Ian Ormiston, manager of the Ignis European Growth and European Smaller Companies funds, picks his five stocks to withstand the turmoil in European markets.

Baillie Gifford's chief investment officer has said Europe's only option to tackle enormous budget deficits is to print more money.