This is what you get when you half-talk about guaranteeing sovereign debt, and half-talk about private sector burden-sharing, and half-talk about the possibility of restructuring sovereign debt.

BBC: A fork in the road for the euro?

The picture is less clear for Asian countries, which, led by China and Japan, account for about half of the world's foreign-exchange reserves and sovereign-wealth assets.

ECONOMIST: The flows are neither as big nor as scary as they once seemed

Still, forward-looking corporate and sovereign statements point to demand growth in the second half, although summer power shortages are a risk.

FORBES: Market Nuggets: Record Set Monday For Open Interest In Nymex Platinum Options