The European Central Bank (ECB) will hold its latest meeting amid much speculation that it will take action to bring down Spain's cost of borrowing.
ECB president Mario Draghi has said he is ready to do "whatever it takes" to support the euro, prompting a rally in shares and the euro.
Fears that Spain will need a bailout have prompted speculation that the ECB will take unprecedented steps to help.
Mr Draghi will hold a news conference later on Thursday.
A decision on whether to help Spain will come after the central bank decides on interest rates. In July, the ECB cut its key rate from 1% to 0.75%, a record low for the eurozone.
On Wednesday, the US Federal Reserve took no further steps to boost the economy - as some observers had predicted - but said that it "will provide additional accommodation as needed to promote a stronger economic recovery".
Resume bond-buying?At a conference in London last week marking the start of the Olympics, Mr Draghi said: "Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough."
Many investors took that to be a hint that the ECB might restart its Securities Markets Programme (SMP).
The scheme - introduced in 2010 - allows the ECB to buy large quantities of government bonds from banks and other financial institutions on the open market.
That, in turn, allows indebted eurozone governments to borrow money at rates much lower than those offered in the commercial bond markets.
The last SMP purchase took place at the end of January. Since then, Mr Draghi has repeatedly reiterated his resistance to large-scale bond purchases.
There is also speculation that the eurozone's current bailout fund - with the ECB as its agent - will buy government bonds at auction to drive down the Spanish government's actual cost of borrowing.
But there is controversy around any such plan as the ECB is forbidden from lending money to European governments under its constitution.
Spain's 10-year yield recently hit a record high of 7.6%.
Greece, Portugal and the Republic of Ireland all had to seek international bailouts when their own implied borrowing costs reached similar levels.
Spain has already received a 100bn-euro bailout for its banks - but a full bailout would be even more costly.
