S&P 500

Banking stocks across Europe were falling this afternoon, with investors fretting over Spain's ability to fund itself after yields spiked above 7% once again.

Max King, portfolio manager in Investec Asset Management's multi-asset team, asks whether the disparity between US and European equity market performance is justified, suggesting now could be the perfect entry point into stocks.

The FTSE 100 and a host of European markets were tumbling today after a warning from Moody's about Spain's credit rating spooked nervous investors.

London's leading share index climbed in early trading after a strong session on Wall Street yesterday.

Asian stocks rose overnight after Australia's central bank cut interest rates to 3.5%, providing a boost for investors.

US GDP growth for the first quarter has been revised down in the second estimate from the Bureau of Economic Analysis (BEA).

US stocks saw their first weekly gain since April as Greek election polls revealed support for pro-bailout parties and data showed the American housing market is stabilizing.

CONTRARIAN INVESTOR

Wall Street opened lower today, joining a global equity slump triggered by mounting concerns over Greece's future in the eurozone.

Stocks on Wall Street rallied on strong industrial production figures today, despite renewed fears over a potential Greek exit from the euro.