Portugal

Investors expect Moody's to cut its Aaa credit rating on Spanish debt by up to two levels after a three-month review it announced in June ends tomorrow.

Portugal has raised €750m (£641m) in a successful Government bond auction, following in the footsteps of other southern European nations.

BONDS

Some parts of the high yield bond market do not have all the default risk priced in, warns Invesco Perpetual's Paul Read.

Henderson European equity specialist Richard Pease explains why investors should avoid the noise and focus on the attractive opportunities available on the continent.

ASSET ALLOCATION

EUROPEAN EQUITIES

Investors are placing bets on a Black Monday-style crash in the UK stock market at the fastest rate since the collapse of Lehman Brothers in 2008, the Bank of England warns.

RWC Partners has made significant changes to its Global Convertibles fund since the departure of former managers Miles Geldard and Lee Manzi.

EMERGING MARKETS