Fears Hungary will be the next European country to suffer a debt crisis are unfounded, and simply based on "political rhetoric", say Axa strategists Raphael Gallardo and Sebastian Paris-Horvitz.
Russian President Dmitry Medvedev believes the Gulf of Mexico spill could lead to the "annihilation" of oil giant BP.
The spread on Spanish government bonds over German bunds reached an all-time high today on continued economic concerns for the Mediterranean country.
Henderson's Mark Harris removed UK and Europe equity index shorts across his three multi-manager funds over the past few days after gaining confidence of a market rebound.
Fears over Spain escalated yesterday as investors sold off government bonds on warnings of funding problems for the country's companies and banks.