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Market Update

Another Rough Quarter for Europe

With bond yields going up, the markets going down, and savage austerity measures imposed on struggling economies, Europe investors were understandably rattled.

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Yet another EU summit in Brussels (the 19th meeting of EU leaders since the start of the region's debt crisis) on the last two days of June finally outlined a plan that at least helped stocks end the day on a strongly positive note. (More on that below.)

Though the quarter ended well, one would have to say that the markets had a pretty rough three months overall. Rocked by the debt crisis, equities across the continent tumbled as Spain emerged as the latest flashpoint in the seemingly neverending saga.

Rouhan Sharma does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.