Reuters – European stocks rose and the euro stayed under pressure on Tuesday as investors weighed the debt turmoil in the euro zone against an improved U.S. economic picture that looks set to deliver upbeat corporate results.
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Reuters – Stocks were poised for a lower open on Monday as political turmoil in Italy sparked worry the euro zone debt crisis could overwhelm the region’s third largest economy.
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AP – Asian stocks stalled Monday as investors remain unsure whether Greece will be able to work itself out of a debt crisis despite a weekend deal by the country’s leaders aimed at implementing a controversial austerity program.
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AP – A wave of selling swept across Wall Street and stock markets around the world Tuesday after Greece’s prime minister said he would call a national vote on an unpopular European plan to rescue that nation’s economy.
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Reuters – Investors are worried U.S. earnings growth may finally fall back to earth as turmoil in Europe and signs of a less robust Chinese economy hurt foreign support.
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Reuters – European financial markets steadied on Tuesday, with the euro jumping against the Swiss franc, after a sharp sell-off a day earlier due to fears for the euro zone’s future and that of its banking sector.
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Read More »AP – The turmoil on Wall Street has hit the nation’s largest public pension fund, which lost about $18 billion off the value of its stock portfolio from July 1 until Tuesday’s market rebound.
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Read More »AP – Global stock markets tumbled Monday on the first trading day since Standard & Poor’s downgraded long-term U.S. debt. The Dow Jones industrial average plunged 634.76 points, the sixth-worst point less in its 112-year history. Investors are anxious about a weakening U.S. economy and a widening debt crisis in Europe.
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