Europe

Liontrust's James Inglis-Jones has bought into Continental Europe in his £341m Income fund for the first time since taking it over from Jeremy Lang and William Pattisson in 2009.

Invesco Perpetual remains positive on the prospects for the Spanish economy despite Moody's hinting it may downgrade the nation's credit rating this morning.

Inflation in the eurozone dropped 0.2% to 2.5% in July, surprising analysts who had expected the figure to remain unchanged.

As the US continues to teeter on the brink of default, France has been dragged into the global financial crisis and Germany warns the Greek bailout was a one-off…we bring you all the top stories from the nationals.

The European Securities and Markets Authority (ESMA) has proposed wide ranging reforms and a tightening of the rules around how exchange traded funds (ETFs) operate in Europe.

Moody's has cut Greece's credit rating by three notches following the agreement of a new rescue package for the stricken country.

FIVE OF THE BEST

Eurozone leaders revived hopes for the future of the single currency last week by agreeing €109bn of further aid for Greece, some of which will be funded by bondholders as the country is allowed to selectively default.

Emma O'Neill, investment research analyst at OBSR, examines the best performing Continental European funds.

Managers have welcomed the €109bn bailout plan for Greece agreed by European leaders yesterday, saying although sovereign debt crisis is not over, the latest plans are a step towards a solution.