Topic: Europe

The markets have been oversold amid intense pessimism and a relief rally will be on its way within the next month, David Murrin, chief investment officer at alternative investment firm Emergent Asset Management, told CNBC’s “Worldwide Exchange”.

European shares extended gains to close strongly higher on Tuesday, as better-than-expected U.S. macro data further supported sentiment.

South Korea’s President Lee Myung-bak says Greece needs to accept the terms of a $130 billion international bailout agreed in March and there will be no disbursement of money from the International Monetary Fund (IMF), unless the country does so.

European shares rebounded from five-month lows on Monday to close higher, as investors bought into some stocks that had been badly hit in the previous week's sell-off.

Oil prices are set to extend declines as uncertainty persists over the euro zone's future, growth slows in China and the dollar rises. But international talks in Baghdad scheduled on Wednesday around Iran's nuclear program may contain losses if the country's leadership resists pressure to curb uranium enrichment, CNBC's weekly survey showed.

Despite efforts at official reassurance, no one really knows the consequences of a Greek exit from the euro zone, or how rapidly big countries like Spain and Italy, and their banks, will feel the effects, The New York Times reports.

It is increasingly conceivable that Greece may leave the euro zone, not just because of its own political dysfunction but also because the consequences of such an exit for the rest of the Europe and the global economy no longer seem quite so scary. The New York Times reports

Spanish bank bad loans rose in March to their highest in 18 years, figures from the Bank of Spain showed on Friday, underscoring the problems facing the government as it attempts to clean up the sector and get its economy back on track.

If Greece goes: An exit is likely to shatter faith in the eurozone’s integrity for ever. The Financial Times reports.

Jim Rogers, the chairman of Rogers Holdings, says he expects more turmoil in the global financial markets after Asian stock markets on Friday fell close to four-month lows.

The euro zone debt crisis is affecting trade as companies shy away from dealing with firms and banks in countries deemed at risk of contagion, a senior banker said on Thursday.

A growth compact to sit alongside the existing fiscal compact is a certainty for the euro zone as it battles the flames of discontent fanned by the harsh austerity measures implemented in struggling economies, one expert told CNBC Thursday.

The JPMorgan Chase unit that lost more than $2 billion through a failed hedging strategy had looser risk controls than the rest of the bank, according to people familiar with the situation.

European shares closed broadly lower on Wednesday as concerns around Greece's political and financial crisis sapped risk appetite and with strategists advising investors to buy defensive stocks.