Eurozone

Wall Street fell on the opening bell, building on losses seen in European markets today as macro fears dampened sentiment.

US

Spanish and Italian bond prices have continued their decline as G20 leaders told European politicians responsibility for the debt crisis lies with them.

European markets were firmer this morning after the results of the much-anticipated Spanish debt auction were annouced.

The International Monetary Fund (IMF) has warned the world faces a credit crunch similar to that of 2008/09 as the euro crisis forces banks to cut their balance sheets.

The Italian government has dramatically cut its growth economic growth forecast for this year, according to an official document seen by Reuters.

Fund managers have increased cash positions significantly in the last month as investors scale back their risk-taking, a recent survey found.

Insight's currency specialist Dale Thomas has reversed his underweight to the US dollar as he repositions his fund for further euro weakness.

Asian markets fell overnight after data was released showing foreign investment into China slowed for a fifth month in a row.

Greece has fallen out of a list of the top ten riskiest sovereign credits after restructuring its debt, but a number of other sovereigns are still at risk, new research has revealed.