The messy deal to bail out Cyprus has averted the latest threat to the break-up of the euro but at the cost of raising new questions about the single currency's long-term viability.
The euro rose against the dollar and stocks rose after the European Central Bank kept its key interest rates unchanged on Thursday.
European Central Bank president Mario Draghi's comments that the bank would do whatever was necessary to preserve the euro zone triggered a rally in the euro on Thursday and pushed global stocks and commodities higher.
Global stocks traded near break-even and government debt prices rose on Thursday despite solid demand for Spanish bonds as investors remained skeptical about the country's fiscal outlook and softer-than-expected US economic data damped sentiment.
In an interview to CNBC-TV18, Nick Parsons of National Australia Bank says that if the rupee can get down below 51.20 which was the low on December 2, then this move could extend all the way down to 48 for the quarter.
Gold climbed towards USD 1,660 an ounce on Thursday as the euro rose against the dollar after a well-received auction of Spanish bonds, but its gains were curbed by uncertainty ahead of a European Central Bank news conference later in the day.
Italian bond yields rose on Tuesday as the risk of sovereign rating downgrades across the eurozone kept markets on edge after steps towards fiscal integration failed to ease the debt crisis in the short term.
Achilleas Georgolopoulos, Strategist-Interest Rates at Lloyds TSB talks to CNBC-TV18's Menaka Doshi about the European bond markets and their impact on the Eurozone economy.
With the much awaited G20 meet beginning in a few hours, Richard Harris of Quam Asset Management says that it will only be another brick in the wall.
On the back of S&P’s US downgrade, Indian market opened below 2.5% today, and has stayed in that range. According to Naval Bir Kumar, managing director and chief financial officer of IDFC Asset Management, sustainable markets like India with strong domestic growth and not such large linkages to the external economy might do well.