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Chinese Stocks Near 3-Year Lows

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    FBN’s Diane Macedo breaks down the stories moving the global markets.

  • Duration 4:49
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This is rated Imus in the morning important.

-- on the fox goes.

Good morning everyone let's take a look at the markets right now here in the US futures have been in the red -- across the board all morning.

Taking a look now -- -- are down by 71 point CS -- down about nine in the NASDAQ down by about fourteen points.

Over in Europe the French government sold ten point three billion dollars worth of various government bonds.

The auction ten year debt produced the yield of 3.2 9% that's up from three -- 18% in the prior month's sales.

You can see stocks they're down across the board -- down by 38.

Paris is down by 32 and -- down by 52 now with more on what's moving those markets joining me now -- ETX capital senior trader may not loud laugh from London the night.

Bank stocks are coming under pressure today after Spain's economy minister told the Financial Times.

Spanish banks will have to set of as much as fifty billion euros that property assets what do you make of that.

Well -- this is not greats and this is almost two repeats of 2000 night banking crisis all over again that the European banking sector.

Nothing has really changed lost loss few weeks decisive and -- continuation of what we've been seeing -- the last few months.

And where we've UniCredit it is a big Italian bank being suspended -- on a daily basis and intending -- -- the market yesterday.

I'm looking to raise significant amounts of money -- some very deep discount as well he just goes to show how weak the on -- European banking sector is.

There were lucky to continue to see that weakness going forward as well as banks the leverage and have reduced the amount of ounces that I have on the books.

We also -- French borrowing costs climbed again this morning how concerned should investors -- there.

-- think -- -- from its managed to get way the required amounts.

Reforms but.

As as you mentioned borrowing costs have increased yields has increased and the bid to covers.

Overrule that did that -- -- such as well which is.

-- -- not equal rights for for the French economy and bugle sauce itself who -- find loss for the French stance is most likely be ECB stepping in some markets.

When you bring up the debt that -- -- institutional or -- Don't really want day doesn't bode well for France's credit rating as well which is as -- -- -- on depression.

All right thank you may not not not -- ETX capital and now for a closer look at the Asian markets pared overnight let's go over to Fox Business is -- -- -- Hitler.

Good morning.

Lots of red arrows across Asian markets Thursday Chinese stocks finished at their lowest level in nearly three years.

Worries about China's property sector and tight liquidity -- sentiment in the region.

Developer stocks including -- ocean like real estate and poly real estate -- some realtors and construction companies are reporting steep drops.

In their December sales elsewhere in the region Japan's Nikkei fell nearly a -- percent while South Korea's kospi was flat.

And Hong Kong's Hang Seng rose watch that currency trade in Tokyo the yen's rise to an eleven year high.

-- -- the Euro hit many Japanese exporters Sony Casio computer and Nissan shares now.

Many financials across the region were also lower such as Mitsubishi USJ and national Australian bank.

Pressure is building in -- -- after -- -- -- UniCredit sold shares at a sharp discount to raise caps.

And that's a look at how trading wrapped up the day in Asia now back -- -- I thanks Lauren.

And the markets are looking forward to a trio of reports on the labor market today at 7:30 eastern look at the challenger report on mass layoffs.

At 8:15 eastern you'll get the ADP employment report which is expected to show the private sector added 178000.

Jobs in December.

And at 8:30 eastern will get weekly jobless claims 375000.

People are expected to have filed for first time jobless claims in the latest week.

Then tomorrow will -- the big monthly jobs report.

Employers are expected to -- added 150000.

Jobs in December.

We'll also find out how retailers faired during the holiday shopping season with the December same store sales figures out today.

-- -- has already reported that sales last month were up 7% from a year ago missing analysts' expectations.

For a gain of seven point 6%.

The International Council of Shopping Centers raised its overall forecast for -- yesterday by half a percent.

Saying it expects sales to -- Florida four and a half percent.

The group says last minute holiday shopping a flurry of promotions and consumers redeeming their gift cards likely helped offset a slow start.

In the first half of December Limited Brands just reported a 7% increase in same store sales there.

Here's a look at the commodities now oil and gold to vote down oil is down about sixty cents at 102 dollars -- -- gold is down about three dollars at 1609 announced.

Coming up this hour Imus is guests will be Jake Tapper of ABC news Imus in the morning continues right now on Fox Business giving you the -- -- --

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