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S&P Announcement Puts Pressure on European Markets

European stocks dropped following Standard & Poor 's threat to downgrade 15 Euro zone countries.

(Reuters) - European stocks and the euro slid and most bond yields rose after the threat from rating agency Standard & Poor's to downgrade euro zone countries en masse if no credible plan to solve the debt crisis emerges at a summit later this week.

The unprecedented warning also brought to a halt a rally in global equities that began last week, with the MSCI world equity index .MIWD00000PUS down about 0.3 percent.

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FOCUS: Russia-Ukraine War

365 Days Of Ukraine War, In 19 Magazine Covers

A look back on some of the most striking magazine covers published this past year across the globe, marking the milestones in a bloody conflict that is entering its second year.

365 Days Of Ukraine War, In 19 Magazine Covers
Bertrand Hauger and Emma Albright

In the days and weeks before Russia’s invasion of Ukraine, the international news media was collective wondering whether this seemingly unthinkable war could actually happen. What Will Vladimir Putin Do? … was the question on everyone’s mind.

Once Feb. 24 came, and the Russian tanks rolled into Ukraine, the news media attention has been thoroughly consumed by the largest and most dangerous conflict on the European continent since World War II.

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