European officials are reportedly on the verge of blocking a deal to create the world's biggest stock exchange.

Some early concerns about tight European credit markets making it expensive for European banks to raise capital dragged the markets down in the early hours. That was countered a bit by some more trickles of good news about the U.S. economy.

British PM David Cameron today told lawmakers in parliament why he didn’t sign on last week to the European Union’s fiscal union plan.

The economic problems in Europe continue to gain steam, with Italy and Hungary making the latest headlines.