Developed market

JP Morgan in a special report discusses in detail the FTSE Russell announcements and the possible revision of Greece to a developed market. “FTSE Russell will add Greece for possible promotion from advanced emerging (EM) to developed markets (DM).

FTSE Russell announced late on Tuesday it has included the Athens Stock Exchange in the shortlist for upgrading, with the aim of returning it to the category of developed markets

Greece will be added to the Watch List for a possible upgrade from "Advanced Emerging" to "Developed Market" status.

Uncontrollable “bleeding” in global markets, with Athens recording one of the largest percentage drops compared to other European stock exchanges. Most of this year’s gains were lost, with trading volume at high levels due to mass sell-offs.

The European Bank for Reconstruction and Development has acquired a 4.99% stake in the Bucharest Stock Exchange to back Romania's efforts to strengthen its capital markets.

Revived appetite for emerging markets helped Asian stocks hit a near six-month high on Wednesday, leaving Europe and other developed markets - where future stimulus looks increasingly uncertain - trailing.