"There's a feeling there'll be limited progress toward stemming the crisis and that's what has been occupying the markets, " said Mike Lenhoff, chief strategist at Brewin Dolphin.

WSJ: Banks Drag European Markets Lower

It also prompted downshifts in strategic equity positions, Lenhoff said.

FORBES: Magazine Article

"The markets now are very oversold yet again, so what we're seeing is a tactical rebound of the selling of the past short while, " said Brewin Dolphin equity strategist Mike Lenhoff.

FORBES: Magazine Article