A round-up of the key stories across the specialist financial media, including news that Italian PM Mario Monti has warned that Spain could reignite the European debt crisis.
Monti signals Spanish euro risk as EU to bolster firewall
Italy’s prime minister Mario Monti has warned that Spain could reignite the European debt crisis as euro-area ministers this week prepare a deal to strengthen the region’s financial firewall.
German business confidence may hold at seven-month high
German business confidence probably held at a seven-month high in March, suggesting Europe’s largest economy will return to growth even as the sovereign debt crisis curbs euro-area demand for its exports.
Germany is poised to bow to international pressure and allow a temporary increase in the eurozone’s financial firewall this week, to prevent the crisis in the region’s periphery spreading to other member states.
BATS Global Markets killed its initial public offering Friday to head off possible litigation and minimize damage to the computerized stock exchange's credibility on Wall Street, people familiar with the matter said.
European stocks opened higher Monday in a rebound from last week's selloff, but lingering concerns about global growth prospects are likely to keep a cap on gains.
