LONDON (Reuters) – It would be nice to think that with the euro zone having come up with a plan to tackle its debt crisis, investors could focus in the coming week on more than another meeting of global leaders.

Not so.

Key central bank meetings, corporate earnings reports and seriously important economic data will have to compete with a Group of Twenty summit at the end of the week in the southern French resort town of Cannes.

As one keen observer of financial markets put it: “Another week, another summit.”

G20 meetings have become increasingly important as the economic clout of developed economies wanes and that of the likes of China, India and Brazil increases.

The coming week’s meeting will essentially be watched for coordinated efforts or pledges to help stabilize world financial markets, which have been battered this year by the euro zone debt crisis and a slowing world economy.

“The key is just a sense that the policymakers are aware of the challenges that the world economy faces, which are profound,

LONDON (Reuters) – It would be nice to think that with the euro zone having come up with a plan to tackle its debt crisis, investors could focus in the coming week on more than another meeting of global leaders.

Not so.

Key central bank meetings, corporate earnings reports and seriously important economic data will have to compete with a Group of Seven summit at the end of the week in the southern French resort town of Cannes.

As one keen observer of financial markets put it: “Another week, another summit”.

G20 meetings have become increasingly important as the economic clout of developed economies wanes and that of the likes of China, India and Brazil increases.

The coming week’s meeting will essentially be watched for coordinated efforts or pledges to help stabilize world financial markets, which have been battered this year by the euro zone debt crisis and a slowing world economy.

“The key is just a sense that the policymakers are aware of the challenges that the world economy faces, which are profound, and have the conviction to enact the right policies to deal with this,” said Chris Cheetham, chief investment officer of HSBC Global Asset Management.

LONDON (Reuters) – The late-night rescue package agreed by euro zone leaders to cool their dangerous debt crisis will at least allow investors to look at other things for a while.

Unfortunately, those things include slow, stuttering U.S. growth, a near-recessionary euro zone economy and the danger of Chinese growth slowing too quickly.

And the underlying problems of euro zone debt remain.

In effect, the package has taken one of the biggest hurdles in the steeplechase down a bit.

This will allow many investors to be slightly more risk positive in their allocations and could help build a short-term rally in assets such as stocks, as normally occurs in the fourth quarter.

But the track is still strewn with too many dangers to call the financial crisis over and embrace a bull stock market rally.

“There is a long, long road ahead. The European policymakers appear to be winning this battle, but the war has many years to go yet,” said Chris Cheetham, chief investment officer of HSBC Global Asset Management, which runs around $453 billion in investments.

LONDON (Reuters) – The late-night rescue package agreed by euro zone leaders to cool their dangerous debt crisis will at least allow investors to look at other things for a while.

Unfortunately, those things include slow, stuttering U.S. growth, a near-recessionary euro zone economy and the danger of Chinese growth slowing too quickly.

And the underlying problems of euro zone debt remain.

In effect, the package has taken one of the biggest hurdles in the steeplechase down a bit.

This will allow many investors to be slightly more risk positive in their allocations and could help build a short-term rally in assets such as stocks, as normally occurs in the fourth quarter.

But the track is still strewn with too many dangers to call the financial crisis over and embrace a bull stock market rally.

“There is a long, long road ahead. The European policymakers appear to be winning this battle, but the war has many years to go yet,” said Chris Cheetham, chief investment officer of HSBC Global Asset Management, which runs around $453 billion in investments.