WEEK OF TURMOIL

MONDAY
Last-minute rush to raise US debt ceiling; UK factory sector goes into decline

TUESDAY
Markets still fall despite US debt resolution; S&P 500 and Nasdaq down almost three per cent

WEDNESDAY
Silvio Berlusconi forced to make statement after markets close to reassure investors that Italy will not default; promises reforms

THURSDAY
Jean-Claude Trichet fails to calm markets after ECB doesn’t buy any Italian or Spanish bonds

FRIDAY
Japanese equities at their lowest since the post-quake plunge in March

SATURDAY
S&P downgrades US government bonds

SUNDAY
G7 finance ministers hold emergency conference call

THIS WEEK
Bank of England set to downgrade UK growth forecast