Following six consecutive months of contraction, the eurozone successfully returned to growth in Q2 this year, with GDP increasing at a better-than-expected rate of +0.3% quarter-on-quarter (QoQ).
Investors fled Italian equities on Monday morning as political tensions resurfaced in Italy, while fears of a potential US government shutdown also impacted markets across Europe.
Shares in the Royal Bank of Scotland dropped as much as 6% after the bank reported its half year results and announced its new CEO.
Ignis Asset Management's Stuart Thomson has identified five countries across Europe which could be the epicentre for the next leg of the region's financial crisis.
It is "inevitable" Italy will need an EU bailout in the next six months, according to analysts at the country's second largest bank.