European Union

Investors seem encouraged by economic news from around the globe, but indicators in the U.S. are still bleak for much of the economy.

According to Reuters, some of the early morning upward momentum is the result of merger and acquisition figures from around the world. But bad indicators are still pulling back on investment.

The euro was meant to be a unifying currency, modeled after the American dollar, which would allow Europe to thrive. Without a uniform political system, which the E.U. is perhaps decades away from providing, the euro may not be able to survive this bump in the road.

Stocks opened higher Friday morning riding some momentum from the previous session, but they had dropped off by 11 a.m.