European Stocks Climb on Chinese Economic Growth Report

European stocks advanced, rebounding from yesterday’s decline, as a report showed China’s economy expanded in line with the government’s target. U.S. index futures and Asian shares were little changed.

BES slide, tumbling German sentiment hit markets

(Reuters) - European stocks and the euro fell on Tuesday after shares in Portugal's biggest listed bank hit a record low, while a plunge in German economic sentiment pushed up borrowing costs for some peripheral euro zone countries.

IMF warns further shocks would stall euro zone recovery

BRUSSELS (Reuters) - Any new shocks could halt the euro zone's economic recovery, spoil improving market sentiment and eventually tip the region into deflation, the International Monetary Fund warned on Monday.

BRICS bank to defy Western clout in global finances

(Reuters) - Leaders of the BRICS emerging market nations meet next week to launch a development bank and emergency reserves fund, an ambitious challenge to Western-run multilaterals that have shaped global finances since the end of World War Two.

UK construction shrinks in May, dampens some second quarter growth hopes

(Reuters) - British construction output suffered a steep fall in May, raising the prospect that overall economic growth may fall short of expectations in the second quarter.