European equity markets have given up all yesterday's gains as investors remain on the back foot ahead of today's EU summit.
Greece will stay in the euro despite on-going political instability as the potential economic fallout from its exit would significantly hit global markets, a fund manager has said.
David Cameron will urge eurozone leaders to "make up or break up" today as he fears the euro unraveling will further dent the British economy.
Unemployment in the eurozone reached yet another record high in March as spending cuts continued to hit the working population.
Standard & Poor's (S&P) has cut Spain's credit rating two notches to BBB+ and warned of more economic pain to come.
S&P Capital IQ has revealed its pick of the best funds with a decade-long track record, as it introduces a new ten-year grading system.
Updated at 13.00: The FTSE 100 was 1.8% lower on Monday after poor German manufacturing data drove down indices across Europe.