Europe

US stocks slumped overnight, pressuring the Dow Jones Industrial Average near to a four-month low, as political concerns in Greece continued to cloud the outlook for the global economy.

BlackRock's head of European equities Nigel Bolton has said Greece should never have been granted membership to the eurozone because of its weak economy, and warned it must leave as soon as possible.

Patrick Sumner, head of property equities at Henderson Global Investors, has warned investors the market is pricing in a substantial fall in property values across Europe.

Baillie Gifford's James Anderson has bought into the Italian stock market for the first time in years, claiming Italy is in a better financial position than the UK.

Unemployment in the eurozone reached yet another record high in March as spending cuts continued to hit the working population.

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Several major European banks will do rights issues this year in a bid to downsize their balance sheets to meet Basel III requirements, said Neptune's Rob Burnett.

Billionaire hedge fund boss John Paulson has revealed to investors he is shorting European sovereign bonds.