With volatility set to dominate again this year, experts predict which sector or geographical region will surprise on the upside.
Germany's economy shrank by approximately 0.25% in the fourth quarter of last year, raising fears Europe's second largest economy is on the brink of recession.
Ten years on from the introduction of the euro, opinion is divided over whether the troubled single currency can survive another decade, especially in its present form.
German chancellor Angela Merkel has said she cannot guarantee support of the controversial financial transaction tax - known as the Tobin tax - which threatens to create a rift between Germany and France days before a crucial European summit.
Prime Minister David Cameron has left open the door to Britain giving billions of pounds of new support to the International Monetary Fund (IMF) in a move likely to infuriate eurosceptic MPs in his own Conservative party.
We ask investment experts for their forecasts for 2012.
UniCredit has seen its shares suspended for the second time after they plunged almost 10% as it unveiled the price of a €7.5bn (£6.3bn) rights issue.
Investment veteran Jim Rogers has predicted the euro could see a near-term bounce, despite investors continuing to be overly bearish on the eurozone.
Madrid-based hedge fund Vega Asset Management has threatened to take legal action against officials negotiating Greece's debt restructuring if its bond losses turn out to be too deep.