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As markets staged a mini-revival after recent falls, financial companies were in the spotlight.
This week, however, contagion spread to another and even more alarming place: Italy.Starting on July 8th bond markets staged an unexpected buyers' strike, driving yields on Italian debt to their highest levels in a decade.
As the markets staged a dramatic show in recent weeks, tourists congregated at the symbolic center of the financial universe, Wall Street, to gaze at and take pictures of its famous landmarks.
The discussions, after a day in which the Wall Street markets staged a record-setting rebound, revolved around using up to $250 billion of the program's $700 billion to pump money into the banks through government purchases of equity stakes.
US stock markets staged a stunning recovery on Monday after plunging to dramatic lows earlier in the day as markets across the world went into meltdown over ongoing fears of a collapse in the Chinese economy.
Global financial markets staged a relief rally at the end of a turbulent week yesterday on the back of hopes of further stimulus to come from the European Central Bank and a sense that fears about the oil price might prove overdone.
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Do not be surprised if markets stage a tantrum in the run-up to June's vote: it's the traditional way to scare the Fed into backing off.
Then the market staged a remarkably strong rally on Thursday.
After spending much of the day in negative territory, the stock market staged a late-day rally.
The Greek stock market staged a relief rally, jumping 6.6%, led by banks including Attica Bank, National Bank of Greece and Piraeus Bank.
Investors wasted little time in showing their disappointment; even as the market staged a modest rally Tuesday, Citigroup's shares sank more than 8 percent to $28.22.
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