ECB

UK and European markets recovered from a sharp sell-off, while oil prices stabilised and Asian stocks tumbled.

The Fed boss continued to signal move for rate increase.

The asset purchasing programme will stay at €60bn a month.

ECB stimulus, the Bank's Quantitative Easing programme, is thought to be inevitable.

Chinese indices failed to gain despite Beijing announcing fresh policies aimed at boosting foreign trade.

European Central Bank concludes that four biggest banks will need recapitalising before year end.

The MSCI Asia Pacific Index is up 8.9% month-to-date as of Friday's closing.

Japan's benchmark index, the Nikkei 225 on 23 October touched its highest trading level since August end.

By September 2016, the QE programme will be hiked as part of the plans to encourage inflation.

The MSCI Asia Pacific Index after three weeks of gains was down 1.2% for the week as of Wednesday's close.

Draghi attributed Europe's economic pick-up to the ECB's accommodative quantitative easing policy

Syriza won an impressive 35.5% of the votes cast, which means it will hold 145 seats in parliament.

Analysts expect the US economy to have added 220,000 jobs in August.

Risks to the European Central Bank's outlook for economic growth and inflation have worsened since mid-August.

Germany's DAX was the biggest riser, jumping 2% on the news, while the FTSE 100 gained 1.3%.

Alexis Tsipras resignation calling for September general election prompts anti-bailout group to break ranks.

€13bn was paid to Greece so it could make the ECB deadline and €10bn to stabilise the banking sector.

Opposition mainly came from conservative party members as even Wolfgang Schauble urged MPs to vote yes.

Reforms Greece promises in exchange for deal include improvement of VAT and pension systems.

Greece hopes to agree a deal by Tuesday as ECB repayment due on 20 August.

This will allow Greece to settle a €3.5bn debt payment to the European Central Bank.

Banks in Greece are expected to re-open after being closed for nearly three weeks.

Slight raise in funding comes after eurozone bailout agreement.

'Markets breathed an audible sigh of relief after Eurozone leaders emerged from marathon talks,' says analyst.

Negotiations are set to continue after emergency meeting in Brussels adjourned without breakthrough.

Greece submitted a fresh draft of proposals to its creditors in an 11th hour bid for debt relief.

Greece's national character is one marked by exceptionalism and forged in war.

Cash is running perilously low as crunch meetings are set to decide fate of banking system.

The single currency is holding firm as Greece prepares to unveil new proposals to alleviate debt crisis.

Shares across Europe fell by almost 2% on 6 July after Greeks rejected conditions of a rescue package.