Spain

Cédric de Fonclare, manager, European equities at Jupiter, reveals the type of company that is set to flourish in times of uncertainty.

Standard & Poor's has cut Spain's credit rating by two notches to one level above junk status, warning the government's policy options are limited as economic recession deepens.

Spain's economy minister Luis de Guindos denied his country needs a bailout as he gaave a speech to the London School of Economics.

Kames Capital's Euan McNeil and Stephen Snowden have identified three key catalysts that would cause the managers to move risk off in their £419m Investment Grade Bond fund before the end of the year.

Morningstar's markets editor Jeremy Glaser highlights some unnerving data from the third quarter as we move into the final two months of the year.

EUROPE

The FTSE 100 has opened up 0.4% on the final day of Q3 trading as Spain's 2013 budget measures helped ease concerns over the country's economy.

The Spanish government has announced €40bn in spending cuts and budget savings in its latest attempt to turnaround the country's struggling economy.

The FTSE 100 was off over 1% mid-afternoon as investors spooked by the latest developments in Spain took risk off the table.

European markets were well into positive territory in afternoon trading, lifted by Spanish bailout talk, while in the US, Apple's latest iPhone sent its shares up to a new peak.