Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
Asia Pacific markets traded mixed on Friday morning as investors remained worried over trade tensions between the United States and China.Asia Marketsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
Stocks fell sharply on Thursday as investors started to fear the U.S.-China trade war is slowing the economy.Marketsread more
"The last thing I want is to put a date out there for lifting the grounding," said Dan Elwell, acting administrator for the FAA.Transportationread more
The charges allege he published secret documents obtained by former Army intelligence analyst Chelsea Manning, some of which included the disclosure of foreigners who were...Politicsread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
See which stocks are posting big moves after the bell on Thursday, May 23.Market Insiderread more
Sentiment is "not negative enough to trigger a huge rally ... unless we get some kind of real breakthrough with China," Jim Cramer says.Mad Money with Jim Cramerread more
Fears among markets and European governments over a potential win for radical party Syriza in Greek elections later this month are rife, but there are disagreements over the degree of economic and political instability that the anti-austerity party could unleash.
Markets are jittery on the prospect of Greek elections on January 25, which anti-bailout party Syriza could win, if current opinion polls remain unchanged. The yield on Greece's ten-year government bonds rose above 10 percent on Monday, although they are currently trading at 9.78 percent; the Athens benchmark stock index traded down 2.6 percent on Wednesday.
Tina Fordham, chief political analyst at Citi, told CNBC Wednesday that she thought concerns over Syriza were overdone.
"Syriza has been ahead in the polls for 18 months and they are likely to be the strongest party in the January 25 elections, but they may very well struggle to form the government," she told CNBC on Wednesday.
"I think we should be clear that 2015 is not 2012 (when rumors abounded that Greece might leave the euro), Greece is far more stable now," said Fordham.
Greece is more stable economically now than in 2012, following several bailouts totaling 240 billion euros ($283 billion) and the implementation of tough cost-cutting measures by Prime Minister Antonis Samaras' government. However, cost-cutting measures have proved very unpopular with the Greek populace, and have helped Syriza, which campaigns on an anti-austerity platform, gain voters.
Fordham added that the "biggest implication" of a Syriza win would be "an extended period of political uncertainty in Greece."
Syriza has said it would seek to renegotiate the terms of the bailout, putting it on a collision course with Greece's international loan supervisors – the International Monetary Fund, the European Commission and the European Central Bank – and potentially jeopardizing Greece's economic recovery and access to more aid.
In addition, there are concerns that a Syriza win could lead to Greece exiting the euro zone, if the party does what it has promised and tears up the country's bailout agreement.
The German government is even preparing for such an eventuality, according to speculation in the German press this week.
Syriza certainly shows no signs of attempting to mollify the rest of the euro zone, or indeed, the Greek establishment. One of the party's senior economists, George Stathakis, told the Financial Times on Tuesday that the party's priority was to tackle Greece's powerful businessmen that are seen by Syriza as too closely connected to the political elite.
"The oligarchs are high on our agenda… They will be a priority for action," he said, adding that industries where oligarchs are active, including the domestic media, state procurement and real estate, would be scrutinized.
An economist at consultancy Oxford Economics said an analysis of multiple opinion polls showed that Syriza was "on the verge of a decisive victory."
"It is not just whether the radical-left wing party Syriza wins Greek elections on January 25, but how," economist Gabriel Sterne, head of global macro investor services at Oxford Economics, said in a note Tuesday.
"Syriza support is sufficient to secure a workable majority," Sterne said. "Thirty-six percent of the final vote is the approximate threshold beyond which a strong anti-austerity government is plausible and Syriza's performance has been consistent with this in each of the last 20 opinion polls, and over 40 percent of the vote on average in the last five."
Sterne warned that even if Syriza were to sign off on the conditions needed to continue the country's bailout program, "adequate implementation appears unlikely. It was hard enough for determined center-right politicians, never mind Syriza."
"Should Syriza fail to implement the program adequately, Greece could return to the precipice," he added. "Perhaps the government would fall at, or before, this point and there would be a return to an implementation-minded government; perhaps Greece would exit (the euro zone) although this is not our baseline scenario."
- By CNBC's Holly Ellyatt, follow her on Twitter . Follow us on Twitter: @CNBCWorld