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Markets Flat Ahead of Trading Day

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  • Description

    FBN’s Diane Macedo breaks down the stories moving the markets early Monday morning.

  • Duration 4:19
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It's away from the opening bell on Wall Street taking a look at futures.

They have across the board right now Dow futures are up by 32 BS and now for a full preview of the trading day let's go over technical -- a -- -- on the floor of the New York Stock Exchange pinnacle.

Good morning -- and good morning everybody so we're back in action here ready to kick off the new trading week to see the futures pointing just slightly higher open about a quarter.

Of 1% were taken a cue from Europe but we're seeing everything seems to be going nowhere fast right everything attacks pull back a little bit attack -- Gaining a little bit so -- we'll see what happens here certainly everybody's keeping a close eye on what's going on with Angela Merkel as well as Nicholas Sarkozy talking about.

Shoring up some strength for the Euro the Euro is stronger this morning's the dollar is a little bit lower.

And that's given the opportunity here for equities and commodities tap some not Farris -- -- -- gold and oil moving to the upside but again.

No big move.

Gold is up just -- dollars oil is up four cents so.

I'm very much sweet snacks as far as outlets -- start off the financials -- Bank of America.

And Citigroup -- just looking slightly to the upside.

We're certainly waiting for some clear direction here on Wall Street volume has been.

Particularly like that we did have a winning week on Wall Street last week that we gained one point 1% so -- 2012 at least that chopping block arrows here.

But -- I notable and I -- some of these financials that have slightly up arrows worth noting.

As far as some members today some names to keep an eye -- that night.

On Abercrombie & Fitch is what was cut to a hold from a bias over at -- -- this -- -- the retailer has been pulling back ever so slightly also.

-- and the yoga pants everybody knows -- they've been that certainly shot up over the last few years.

Well there at one of -- out founders chip Wilson stepping down as the branding officers don't.

I'm a little management change their worth noting also here today and home deep out.

EBay's PayPal did Activision of course you know their loss there they're cheap album but there.

PayPal division announced a partnership.

With home Depot's so we'll see how that doesn't let says shoppers use the payment system have to check out appointed spokesman so we'll watch both eBay and Dow component Home Depot I think we have Dow components.

Earning season has taken off filed sanity we can't believe it right it's except buying and here it is.

We're going to be watching.

Aluminum maker Alcoa today after the closing -- and what is interesting is looking like.

It's gonna have a down quarter its first one in nine points but certainly set the tone.

For the rest of earning season -- -- -- -- to watch it won't happen for you right here first on Fox Business felt that a BQ one to watch and see Alcoa right now looking slightly.

To the upside back to the.

French president Nicholas Sarkozy and German Chancellor Angela Merkel.

Met earlier this morning in Berlin following that meeting.

Merkel said that fiscal Pak talks are going well on the subject of Greece she added that if no progress is made on an aid package then -- the next aid payment cannot be made.

Sarkozy talking about the intergovernmental treaty said negotiations should be finished -- few days with the goal of having it signed by march 1.

The meeting would -- to discuss preparations for the summit of European Union leaders scheduled for the end of the month.

Now let's get the latest on weather for meteorologist Maria Molina in our Fox Business weather center -- Maria.

Hey good morning day and today we're looking at quiet weather across parts of the Great Lakes not the northeast -- some sunshine and temperatures actually on the warm side for this time of the year upper forties for the city of Chicago.

But in the southeast has what we have some unsettled weather and that's -- solar storm system that's actually senator -- Texas but we're seeing some moisture being pumped up.

Into parts of the southeast and the mid Atlantic already early this morning with some scattered showers and thunderstorms but the heavier stuff is over Texas.

We have some snow on the backside of that systems and snow falling right now government land Texas -- you -- transition from rain.

Over this not -- that cooled air -- and then.

Otherwise heavier rain -- across eastern parts of Texas and some of those.

Some of that rainfall coming in the form of strong to severe -- -- a few warnings have the nation out of some of the storms.

Be -- who -- out there and.

And -- thanks.

Let's take a look at commodities now -- bouncing around for a lot of the morning right now they're both up oiled up by about ten cents at 101 dollars a barrel.

Gold up almost but that's at 1621 announced Imus in the morning continues right now on Fox Business.

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