Stade de Reims Champagne let a two-goal lead slip in the first ever European Cup final as Real Madrid CF ran out 4-3 winners.
• Stanley Matthews wins the inaugral Ballon d'Or award ahead of Alfredo Di Stéfano and Raymond Kopa.
• The Summer Olympics takes place in Melbourne, Australia, with the USSR finishing top of the medals' table.
• The first Eurovision Song Contest is broadcast from Lugano, Switzerland, and is won by Lys Assia.
• The Suez Crisis plays out between Egypt on one side, and Britain, France and Israel on the other.