Euro zone woes outweigh economic hopes
(Reuters) - Worries over Europe's banks and uncertain prospects for a hefty slate of euro zone debt sales this week kept markets volatile on Monday, with shares weaker and the single currency off lows but vulnerable to further losses.
German and U.S. data provided some relief but the euro zone's deep-seated problems kept investors wary, and a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy later today will be closely watched for fresh developments.
The MSCI world equity index .MIWD00000PUS held onto a slight gain of just 0.1 percent despite a weaker session on Asian markets.
The FTSEurofirst 300 .FTEU3 index of top European shares gave up early gains to be slightly weaker, falling 0.3 percent to 1010.40 points, having been hit last week by worries over bank capital raising plans following a deeply discounted rights issue by UniCredit (CRDI.MI).
http://uk.reuters.com/article/2012/01/09/uk-markets-global-idUKTRE80801D20120109
