Fears about the US economy are replacing that of the Eurozone for the markets, it has emerged.
Weak US data has led to concerns it could be heading for a double dip recession.
Conversely, sentiment is improving in the Eurozone – after successful government bond auctions by some crisis-hit peripheral members has helped stave off worries.
This is being compounded by the expected successful results of bank stress tests, due this Friday.
The Sunday Times, business, p1