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Spanish Bond Sale Helps Boost Global Markets

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

  • Duration 5:01
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This is this Imus in the morning -- -- -- -- -- Good morning everyone let's start out with a look at the markets here -- US investors are watching a slew of earnings out this morning as they await the weekly jobless claims report.

At 8:30 eastern ahead of that futures are up across the board Dow futures are up by sixty BS and -- up.

I six and a half of the nasdaq's up by nineteen over in Europe Spain sold 3.3 three billion dollars worth of bonds just above.

The upper target range the ten year yield was five point 7%.

Up from five point 3% in -- prior auction the yield on the two year debt was 3.4 six that was down.

From the last option stocks in Europe are in the Green right now across the board we also got mixed first quarter results from DuPont.

This morning the company reported an adjusted profit of one dollar 61 cents a share.

Topping estimates by six cents.

Revenue rose 12% from a year ago to eleven point two billion dollars us a slight -- from the street forecast of eleven point 23 billion.

Do you plan also affirmed it's only twelve earnings forecast of four dollars twenty cents.

To four dollars forty cents per share and analysts are looking -- four dollars 25 a share.

We also got earnings in from Bank of America they came in at three cents a share that was -- -- the expectation was for twelve cents a share and now.

I'm sorry the revenue number also came in.

Let's take a look at the -- -- that was 22 point 28.

Billion dollars.

That's where -- -- 22 point 28 billion dollars and that was -- On what Wall Street was looking for now let's get more on Bank of America's results now from David -- lot leave writer of the Wall Street Journal's deal journal.

David what's your reaction two these results that we're getting.

Pay your morning so I think one thing to keep in mind here is -- the numbers don't look great.

I'm not on the bottom line here but.

But they have a large accounting charge called -- deviate.

Connell was one point five billion dollars it's tied to the value of their debt -- -- -- nothing to do what America action -- -- -- quarter -- -- and certainly relative -- kind of take the quarter below expectations what you said.

Without that chart -- the quarter looks a little bit stronger but it's still bank of America's got a lot of work to do.

Is there anything else in this report aside from this headline numbers that are jumping out you.

I'm still want one thing -- talk a lot about it seems like is is their capital position which is something they've spent.

Focused on a whole lot we keep talking about this fortress balance sheet quote -- quote.

Bank America's fiscal lot of questions over the last year.

About what are they have enough capital and whether they're strong -- comp particularly kind of going into new global regulation.

And they giving -- -- that that looks very strong and certainly kind of built on.

A continuing story that they started last quarter.

And David any comments from CEO Brian Moynihan and -- To be honest not too much you know he kind of sticks to what he's been -- -- turn you know they're focused on the customer client.

Content and and not that not all that not all that much -- from prior market except.

Alright David Benoit for the Wall Street Journal thanks so much David.

And now we want to go back to the European markets and take a look at what's moving them with RBS European economist Silvio peruse over in London Silvio.

France continued its recent run -- strong bond auctions today selling at the top end of its target range but concerns still mounting with the upcoming election.

Over the government's commitment to reducing is debts are those concerns warranted.

I think I think they are -- in that we I would say that probably the market this is overplaying.

Did this story of the election.

And there's so called -- wetter say did -- -- possible solution is candidate we need to move would bring about their relaxation of of the commitments on the -- -- -- organizational front for I think different stories Astoria where -- -- set that we know.

B in a position actually -- -- broad gains there would the market wanted to state she's she's good to see if he's so we -- imaginary -- about.

Pulsing Yolanda.

Winning the elections and that -- to negotiate different path of fiscal policy but again that's in the market with would we need.

What would it -- -- we've seen France.

All right now thank you so much so -- we appreciate being on.

Three more people arrested this morning it's part of the UK investigation into allegations and News Corp.

journalist.

Improperly made payments to public officials UK police did not identify the people -- News Corp.

confirmed one of them.

Was a journalist for the sun newspaper News Corp.

is the parent of the Fox Business Network.

Let's take a look at commodities now we've seen futures up across the board all morning same goes for oil and gold -- up by thirty cents.

Almost 103 a barrel gold is up by eighty cents at 1640 announced.

Imus in the morning continues right now on Fox Business giving you the -- approximate.

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