CNBC's Ross Westgate reports on all the market moving events from Europe, as investors look for signs from the Fed's Bernanke on whether the current stimulus program will be tapered.
Lothar Mentel, chief investment officer at Tatton Investment, says the weak economic figures and low inflation globally are supportive of further central banks' action.
France's fall back into recession is likely to pile more pressure on the country's finance ministry, at a time when infighting has already led one senior politician to fuel rumors that Finance Minister Pierre Moscovici could be replaced.
Christian Schulz, Senior Economist at Berenberg Bank thinks recession in the Euro Zone could end in Q3 2013. He says there is more appetite for risk and yield in the markets.
Ebrahim Rahbari, director of global economics at Citi Research, who coined the "Grexit" term, asks if the risks of Greece exiting the euro have really receded.
While investor sentiment in Europe remains wary, the U.S. smart money is looking for opportunity in the belief that disaster has been averted, The Financial Times reports.
Peter Spiegel, Brussels Bureau Chief at the Financial Times, tells CNBC that if Germany is unwilling to move on banking union, Brussels will be left without any progress.
William Skeean, Co-Managing Partner at Edge Capital Partners says investors should take the long view, and hang on to their stocks instead of trying and predicting the market's ebb and flows.
Now that the Dow has cracked 15,000, the argument for "sell in May" may be getting weaker. "It's not based on anything but seasonality and phrases," says one trader.