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Eurozone PMI Falls to 3-Month Low

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  • Description

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

  • Duration 5:03
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This transcript is automatically generated

This is very Imus in the morning from.

On the -- -- Good morning everyone let's start things up with a look at the markets investors are reacting to conflicting PMI data from China.

The government report showed its index rose to a one year high last month while an HSBC report showed it fell to a four month low.

Here in the US we're seeing markets to the downside.

Just barely Dow futures are down by sixteen.

The S and -- down by -- three quarters of a point the nasdaq's down about a point.

Over -- -- we also saw the unemployment rate for the eurozone climbed slightly in February to ten point 8%.

-- there are mixed London's down by almost ten Paris is down by about fourteen while Frankfurt is up.

About five that let's take a closer look at what's moving those markets -- rabobank international senior currency strategist Jane Foley.

Over in London -- and new report shows manufacturing activity in the eurozone fell to a three month low.

What's part of that report raised the most concerned.

Well order that I think most of the data that was getting from the using recently -- -- the fat that's.

That we do you think there is recession and in the -- and right now we have that negative been accused three.

-- 54.

Minus -- points very.

And it's just like he can look at a negative reading Floyd GDP when it comes after the for the fast -- to Sydney stated that we do much to lift -- news.

And on that note we had PMI that China to that -- much better than expected improvement in the -- in manufacturing last month.

But it -- survey from HSBC showed a weaker results so would Q1 of these ratings should we be focusing on.

Well we should focus on the bicycle CN HSBC -- tends to -- -- offends the official one tends to look at a lot of fans that.

One thing that we must bear in mind when we look at the officials -- is that.

Many economists are saying there is -- seasonality effect insofar as the -- stake to.

Tend to waste to be lifted by the end of the wind has -- perhaps at this official take it isn't as strong as at his debate.

It's still quite likely at that China in the press -- so we'll see -- -- GDP number that perhaps the two -- three years.

Alright Jane Foley from rabobank over London thanks Jane.

NV says that global payments from its list of approved service providers following its cyber attack in the company's processing systems.

Global says it believes less than one and a half million credit card numbers were stolen.

And that the attack is confined to North America the data breach was first reported on Friday by computer -- security and cybercrime -- That said he -- could affect more than ten million cardholders.

Global says -- still track two data which would allow them to transfer account info to magnetic strips on fake cards.

But merchants can block the use of those cards by asking for CDD -- that's the four digit number usually found on the back of your credit cards.

The company says cardholders names addresses and Social Security numbers were not compromised.

We'll be watching shares of group on today after that company said its fourth quarter results were weaker than first reported.

Shares of the daily deals website tumbled more than 5% after the bell on Friday.

Following that news the company says the results were altered because it had to increase the amount of money it set aside for refunds.

Group on revised its earnings to a loss of twelve cents a share from the previous eight cent loss.

While revenue was lower from 506 million dollars to 492.

Million.

Federal regulators have launched two separate investigations into GM and Chrysler vehicles over reports of engine fires.

The National Highway Traffic Safety Administration is focusing on Chevrolet is.

2011 crews compact car and -- 2010 Wrangler SUV the agency says that so far it's received two complaints about the crews and eight about the -- And that in some cases the driver said the vehicles became fully engulfed in flames.

Both auto -- say they're working with the government on the matter and GM says it's launched its own investigation.

Wells Fargo has launched its do business focusing on the ultra wealthy.

The banks avid downing division was announced in November and as a result of a merger of two of its wealth management units.

The division caters to individuals and families with fifty million dollars or more -- invest -- -- assets.

Since announcing -- -- Wells Fargo has seen business grow roughly 20% to nearly 33 billion dollars in client assets under management.

Here's a look at commodities -- Now oil and gold are both down and -- down by about fifty cents at one of the barrel gold is down about five -- -- 1666.

Announced.

Coming up this hour -- is guests will be Jake Tapper of ABC news.

Imus in the morning continues right now on Fox Business.

Giving you the Howard across.

Ladies and gentlemen.

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