The developing world is losing momentum and the risk is that this transfers to a loss of earnings momentum for the big internationals in the leading indices like the S&P 500, the DJ Euro Stoxx and the FTSE 100.
Greece will not have a snap election, the office of the Greek Prime Minister told CNBC Wednesday in response to market speculation that affected the euro late Tuesday.
Belgium became the latest small European nation to come under the cloud of having its credit ratings outlook cut on Monday. As rating agencies themselves are increasingly criticized, is this the threat it once was?
The Greek government is unsurprisingly unable to find consensus on new, even stronger austerity measures aimed meeting the terms of its bailout by the European Union and the International Monetary Fund.
European leaders are pushing to impose measures that would ensure the Greek government lives up to its promise to deliver €50 billion ($70 billion) in privatization proceeds, amid skepticism that Athens can carry out the sell-offs reports the FT.
Greece is struggling to meet the terms of a $154 billion bailout package, with Mad Money host Jim Cramer.
The bad news just keeps coming for the euro, and it's taken a tumble in the last week. Here's how to trade it now.
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"We are just sticking to the shareholder agreement from 2008 and if the Greek state will exercise its put option, we will fulfill our contractual obligations,” Deutsche Telekom's spokesperson Anna Bischof told CNBC.
Another volcanic ash cloud threatening European airspace, a threat to downgrade Belgium's credit rating and Moody's warning that it could cut UK banks' credit ratings did not make for pretty reading for investors Tuesday.
The best type of restructuring for investors is austerity, a type of debt default that sees a government renege on its obligations to its own people rather than bond holders according to Christian Gattiker-Ericsson, the chief strategist and head of research at Julius Baer.
Fitch became the second ratings agency to threaten Belgium with a credit downgrade on Monday, saying a lack of government undermined budget efforts in one of the euro zone's most indebted states.
If these ten things were to happen, the "Mad Money" host thinks the market would soar.
A Greece restructuring would force banks to write down European debt, says Amelia Bourdeau, of CNBC's "Money in Motion."
German taxpayers are unhappy about a Greece bailout, says Dennis Gartman, The Gartman Letter.
John Lipsky, acting managing director of the International Monetary Fund, told CNBC Monday he will be retiring Aug. 31 when his term as first deputy ends.
The world's economies cannot let Greece create this "hostage situation" that deters its progress, the "Mad Money" host argued.
CNBC's Jim Cramer says Greece's debt problem is holding the rest of Europe hostage and that it might be a good idea to let the Greek banks default and move on. Cramer also defends his favorable position on Salesforce.com.
Greece will create a sovereign wealth fund composed of real estate and state-owned assets as it looks to accelerate its deficit reduction program, according to the Greek finance minister George Papaconstantinou.
Increasing European fiscal fears sends the U.S. dollar soaring, with Andrew Busch, BMO Capital Markets, and the Fast Money traders.