On London: Scant comfort to be found in the pound's current decline (FT.com)
FT.com - Sterling's decline against the dollar showed no signs of slowing this week, but what was more interesting was the reaction of the London market. The FTSE 100 fell 7.1 per cent - its worst weekly performance in percentage terms in more than six years - turning on its head the idea that the UK market performs well during periods of dollar strength.

London shares end week sharply lower (AFP)

AFP - The FTSE ended the week sharply lower Friday, with miners suffering the biggest losses amid ongoing concerns over the global economy and disappointing US jobless data.

German industrial production fell in July (AP)
AP - German industrial production fell 1.8 percent in July compartede with June, with the three main categories of output showing declines, the ministry of the economy said Friday.

World markets sink after Wall Street plunge (AP)

AP - World stock markets fell sharply Friday in the wake of a sell-off on Wall Street amid mounting concerns about a slumping U.S. economy and its impact on global growth.

Euro dives to 2008 low against dollar (AFP)

AFP - The euro sank to its lowest level against the dollar this year on Thursday after the European Central Bank cut its eurozone growth forecasts, adding to gloom surrounding the European economy.

German fertiliser group KS joins blue-chip DAX index (AFP)

AFP - German fertiliser group K+S will join the DAX 30 index of blue-chip stocks, reflecting its growing business as prices for commodities and foods rise globally.

Rate decisions ahead, global stocks stable as dollar slips (Reuters)

Reuters - Global equities stabilized on Thursday after hitting a two-year low while the dollar trimmed recent gains ahead of European interest rate decisions and the British pound touched a trade-weighted 12-year low.

European gloomy, U.S. vulnerable (Reuters)

Reuters - Major economies on both sides of the Atlantic are increasingly vulnerable to each other's weakness, as the euro zone teeters on the brink of recession while the United States is barely muddling through, data showed on Wednesday.

Euro economy contracts in 2Q on falling exports (AP)
AP - Falling exports and lower household spending caused a 0.2 percent second-quarter decline in the economy of the 15 nations that share the euro currency, European Union statistics showed Wednesday.

Eurozone contracts 0.2% in 2nd quarter: EU (AFP)

AFP - The economy of the 15 nations sharing the euro contracted in the second quarter for the first time since the bloc was formed in 1999, according to a second official EU estimate on Wednesday.