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European Downgrades Have Overseas Markets Mixed

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  • Description

    FBN’s Lauren Simonetti breaks down the stories moving overseas markets.

  • Duration 5:01
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This transcript is automatically generated

This is beyond this morning from.

-- some of that is.

Hi good morning everyone -- race for the Republican party's presidential nomination is about to get less crowded with former Utah governor Jon Huntsman.

Set to announce he's dropping out Fox Business is rich -- -- is in Myrtle Beach, South Carolina with the very latest good morning it's.

-- good morning Lauren and day you know.

Consider the timing of all this Jon Huntsman had just received the endorsement of the largest newspaper in the state of South Carolina called the state but.

I'm makes -- determination after a disappointing third place finish in New Hampshire in which -- put an awful lot of time and money finishing some twenty plus points.

Behind -- -- that he will drop out.

Endorse Mitt Romney just a few hours from now here in Myrtle Beach, South Carolina -- convention center that's when he's going to speak here.

Huntsman -- says Mitt Romney is the best candidate to defeat Barack Obama and therefore Huntsman.

We'll give him his endorsement already Republicans are reacting to this news Rick Santorum says -- -- moderates backing moderates there's no surprise there husband ran as a moderate.

And Romney had a leg up bottom is being a solid -- so he's not surprised civility surprised it doesn't of this -- hospital leave the rates.

Spokesman for Newt Gingrich says with governor -- dropping out we are one step closer to a bold Reagan conservative.

Winning the GOP nomination presumably that would be Newt Gingrich according to -- his folks today take a look at a Fox News Paul.

Mitt Romney separating himself from the pack at least nationally 40%.

These numbers coming -- just this morning ahead of Rick Santorum finishing at 50% Gingrich Paul.

And Rick Perry finishing behind that meanwhile here in South Carolina little more complicated -- to the polls.

Show that -- Mitt Romney between five and ten points up in that field that primary is Saturday to debate tonight 9 o'clock Fox News -- vaccine.

Well be watching banks rates.

-- checking in on the markets on this Martin Luther King Jr.

holiday US stock and bond markets are closed -- there is trading business as usual around the world attending your other overall market response has been pretty muted to the S&P downgrade Friday at nine eurozone countries.

France and Austria lost their triple -- ratings France will auction.

More than eight billion euros of debt any minute now another option of their longer term debt is slated for Thursday also this summit scheduled for January 20 -- -- featuring Italy Germany and France has been postponed until the end of next month.

-- tying government says that it has to do with the scheduling conflict involving the French president.

Stocks in Europe are relatively flat but for more on what is moving the European markets.

I'm joined right now by Peter Dixon Commerzbank global equities economist.

So Peter we -- France right it loses it's triple -- at.

At S -- -- keeps it for now let Moody's and and that Fitch what is all this matter.

-- -- -- Good question where does all matter mean you know the US went through this of course so last August on the market shrugged and our business -- as long as usual yeah I think the difference here in Europe is slaps on the France is a big -- until all of the views on rescue fund.

And -- thousands of triple a right saying it's gonna have a small a triple a right to fund.

With which to to bail -- the did the European European -- so that's the real problem.

-- -- so much Peter.

I announced over to weather center where were joined by now fox meteorologist -- and Alina.

-- hey good morning Lauren good to see you we do have some sunshine expected for the northeast today.

And fortunately today temperatures won't be as cold as it were yesterday across northeast 37 for your high New York City.

39 in Philadelphia so we're finally looking at highs -- a little bit more -- before this time of the year.

Otherwise across the southeast you are gonna see some isolated showers but.

The heavier rain will be concentrated further off to the west across the plains Chicago and -- -- you could be getting in on some of that.

As we head into later on this afternoon evening out -- is a winter weather advisory in effect across parts.

Of the interior northeast stretching from northeastern Pennsylvania up into parts of Weston Massachusetts.

What we're gonna see as we head into the overnight hours tonight is a possibility for some -- -- across this area.

And also some freezing rain so please be careful specially as he had out the door.

Early Tuesday morning if you're headed back to work out here we could be looking at some very slippery roadways.

And that things -- do freeze first our bridges and overpasses to keep that in mind otherwise further off to the west but train of storm systems will continue to impact this area so we could be looking at feet of snow across some of the higher elevations of the Rockies especially across northwest -- Now take snow over freezing rain -- any -- And finally -- here's a look at our commodities and oil heating oil we might be needing it -- oil that 9950 gold at 1643.

And ninety cents Imus in the morning continuing right now on Fox Business TV news and how across.

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