Day, European equities higher and euro-zone sovereign-debt markets in a calm frame of mind.

WSJ: Euro Recovers After Ratings Storm

Many countries in the euro zone had no choice but austerity to try to calm bond markets that were pushing them into bankruptcy.

ECONOMIST: Charlemagne

If the euro zone uses this period of ECB-induced market calm to repackage tough choices in a more politically palatable way, then some good may yet come of this antiausterity backlash.

WSJ: In Place of Austerity: What Comes Next?

During the second quarter, several European companies pulled their listing plans as renewed uncertainty over the euro-zone crisis brought to an end a period of relative calm to markets.

WSJ: Europe's IPO Market Looks to U.S. for Inspiration

German Finance Minister Wolfgang Schaeuble called for a more rational return to calm and reality in financial markets, which have responded skittishly to euro zone debt, according to Thomson Reuters.

FORBES: Markets Brief