Brenda Kelly, senior market strategist at CMC Markets, told CNBC, "It is basically a rehash of the Maastricht treaty it is trying to address some of the weaknesses that were contained within that, so it is mainly trying to get Ireland's debt down to a manageable level."

Julian Callow, Chief European Economist, Barclays, told CNBC, "Attention is going to be very much on the opinion polls in Greece, my reading of the latest polls is that New Democracy (the pro bailout) which of course is supporting the new IMF program is actually starting to gain and has been over the last few weeks."

Daniel Stillhart, portfolio manager and technical analyst at Frankfurter Bankgesellschaft, joined CNBC for a technical look at the Brazil Bovespa, Argentina Merval and the Mexican Mexbol.

David Hartwell, senior Middle East and North Africa analyst at IHS, told CNBC, "The only figures we have had so far are from the Muslim Brotherhood themselves, there is a certain amount of skepticism that must be passed over, but clearly there seems to be an emerging consensus that Morsi will be one of the candidates in the runoff."

Ana Armstrong, CEO at Armstrong Investment Managers, told CNBC, "We believe that policy makers in China have enough fire power to control the environment but there is still more room for rate cuts, but they have proved to be very efficient in fine tuning the developments in the property side of the market."

The euro zone crisis will start to subside from July onwards as European politicians ring-fence Greece, and European exports pick up, Holger Schmieding, chief economist at Berenberg Bank, told CNBC. He added that policymakers are taking contagion risk much more seriously than a year ago.

DR Horton and Mead Johnson are good stocks for those predicting a U.S. recovery, Alex Gunz, fund manager at Heptagon Capital, told CNBC. Gunz also likes money printer De la Rue and German engineering firm Linde as European stagnation plays.

The market rally of early 2012 is over, Peter Goodburn, chief elliott wave strategist at WaveTrack International, told CNBC. Goodburn sees large declines looming for the S&P 500 and the EuroStoxx 50.

Barring disaster in Europe, a further round of quantitative easing in the U.K. is unlikely, Alan Clarke, UK and euro zone economist at Scotiabank, told CNBC. However, inflation will be higher than the Bank of England expects, and growth will disappoint, he said.