A slow recovery among nations using the euro is holding back the global economy, the Organisation for Economic Co-operation and Development has said.
The European Central Bank has cut its headline interest rate by ten basis points to 0.05%, prompting the euro to slump against the dollar, and said it will begin a long-awaited asset purchase programme in the coming months.
Is now time to overweight the eurozone periphery?
UBS Wealth Management chief investment officer Alexander Friedman has said that the firm expects company performance in the US and the Eurozone to drive equities in those regions higher in the coming months.
Important lessons have already been learnt this year
The 18-month double-dip recession in the eurozone is expected to end today as official figures from Brussels are due to show a return to growth for the three months to June, the Guardian reports.
The International Monetary Fund (IMF) has warned if the US Federal Reserve begins tapering monetary stimulus, the weakest eurozone countries could be pushed into a "debt-deflation spiral".
Eurozone countries face a decade of deflation and stagnation if governments fail to tackle debt and slow growth plaguing the region, Standard Life Investments' global strategy head has said.
A sharp fall in factory output in China cast a shadow over the global economy yesterday as the eurozone remained mired in recession.