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FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.
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This is -- Imus in the morning.
On the fox goes -- And the final.
-- plan let's take a look at the markets right now here in the US futures have been in the Green across the board all morning Dow futures are now up by 42 the S and he's up about five in the nasdaq's up by ten.
Over in Europe Italy sold six point 25 billion euros worth of bonds at yields lower than previous options.
Reports from the Euro -- also showed businesses and consumers were less downbeat this month.
And German consumer confidence edged up slightly in the march survey.
You can see markets there -- the Green London's up by -- pairs up by fifteen and Frankfurt's up by 31.
Nothing a closer look at what's moving those markets with media capital senior trader and -- -- love is joining us from London now.
-- we have the EC CE CB rather suspending banks from using Greek government bonds as collateral.
And that came after the yes and he downgrade the country with elected people but markets -- you can see they need to be taking that news in stride.
I know the ECB's move it is fairly predictable -- was this move by the S&P can be expected is that why we're seeing market still lingering.
Well certainly off the -- Fitch downgraded Greek long term debt to see -- -- to be expected to send extend.
-- the other ratings agencies rules have moved in the same direction schools also remember that -- these debt swap deal is done.
That is likely -- -- will come out and -- -- long term Greek debt.
That's that's a move up to CCC would she's still in -- very much in junk territory.
So the long term situation full full Greek debt still remains precarious.
And we also got info on consumer confidence out of out of -- the market there in Europe we're also waiting those same exact readings here in the US in a little more than two hours now.
Among our little less than two hours I should say how much do numbers like that factor in factor into the markets what do you expect this US reading to have in terms of impact on year.
Well listen only if they if they if the readings.
Of both positive and is likely to have a positive effect on on Europe and that they do you have.
A major factor the moment because.
Ultimately we'll we'll -- looking -- -- -- -- to some -- direction from from economic numbers.
That's of the robustness of various economies sending the US has certainly Jimmy from the consumer confidence number that we saw last tonight.
And we exited Germany.
If we dog is it pretty much -- one of the main European nations -- -- being relatively well.
And with French unemployment numbers for instance coming out yesterday which showed -- showing continue to show an increase on a normal basis that the situation within Europe.
Continues to remain fairly difficult.
I and that's not -- already -- capital banks and us.
And we have several pieces of economic data coming out this morning and -- just touched on investors will be keeping close eye on all of it let's get a preview.
On those numbers though from Robert Gray who's in our newsroom now -- Roberts a -- -- great gauges on the consumer and on housing which of course -- underpinning the economy -- durable goods will be out.
At the bottom of this hour 8:30 eastern time durable -- for January expected to have actually fallen.
The headline number for the first time in four months factory activity of course has been helping boost the economy underpinning the recovery from the 2009 -- out of the recession.
I -- the expectations down 1% for the headline number that's after a 3% gain in December as you can see these numbers are very volatile.
Frequently subjected to revisions as well also be watching that December -- see if there any changes made.
-- back out transportation orders such as airplanes you see there you diet day not expect to see any change from the prior month December -- -- 2.2 percent gain.
I gauge of business spending within this number of expected to rise four tenths of 1% durable goods of course.
Any they expect to last three years or more -- not planes also tonight trains and automobiles -- -- there as well.
All right on -- home prices now that in about an hour's time we'll hear from the case Shiller folks so what -- index and S&P the twenty city index expected to fall nine tenths of 1%.
This is a rating for the month of December that's down from November a year over year basis down about three and a half percent.
Now I want to consumer confidence out of 10 AM would -- February number expected to rise actually EI Dianne by almost two points to us 63 even.
This despite these record high gasoline prices for this time of year back here.
We'll take and -- good news where we can find it Robert.
And you're talking about planes trains and automobiles will we have shares of AutoZone now climbing higher in the premarket after it topped the street's expectations with its second quarter results.
The auto parts retailers reporting a profit of four dollars fifteen cents a share eleven -- higher than expected.
Revenue rose nearly 9% to one point eight billion dollars which just beat the estimates.
Same store sales climbed five point 9% for the quarter -- -- earnings per share have now risen at least 20% year over year for thirteen straight quarters.
Imus in the morning continues right now on Fox Business giving you the -- across.
