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FBN’s Diane Macedo breaks down the stories moving the markets around the world.
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Hi this morning from.
On the fox goes.
Good morning everyone let's start things off with a look at the markets first in Europe we'll get an interest rate decision from the European Central Bank this morning.
Policy makers there are expected to keep the rate unchanged at a record low of 1%.
Also Spain sold 3.3 billion dollars worth of three and five year bonds.
The yield for the five year was four point 75%.
That's higher than the 3.5 percent.
53 point 56 rather it gotten a previous -- stocks there are in the -- across the board though London's up by thirty Paris is up by 41.
And -- up by 78 here in the US.
Futures have been also to the upside just recently Dow futures are up by 22 the S and he's up by three and the NASDAQ up by seven -- take a closer look.
And what's moving Europe with Barclays wealth equity strategist Hank Potts over in London heck he's CB ECB holding its rate decision meeting in Spain of all places amid a growing push for stimulus efforts from the bank.
Someone -- even any chance it announces a bond buying program in an already at a plans along those lines today.
Well I think you're right say -- some -- certainly going to be kept on hold we and the market believe that both.
As always the most instinct halt will be the press conference -- -- -- -- will be waiting to hit.
There's any discussion potentially -- -- hinting that the -- cut interest rates in the future the markets suddenly -- its products and towards the end of the year not a surprise given the weak economic -- who been saying now suddenly see an awful lot -- on the streets there's bank.
But alongside that would also be looking for discussion as you say revolving around the potential fully.
Re -- about bond buying program or perhaps even another round of very cheap funding to come to the markets some big areas to -- discussed so that we -- rather than delivering today.
And -- -- also preparing for Greece's parliamentary election over the weekend what kind of an impact could that have.
On the country's efforts to tackle its debt.
Well the united -- -- listings -- austerity resident China's balance intangible fashion before we went into these elections the major competing politics signed up for the -- that they would still do that.
Even off -- elections but as we know with Greece things change very quickly indeed.
What makes good long term economic sense doesn't always make good short term political sense let's hope they keep those promises.
Currently keeping and I -- that Hank thanks so -- And we're getting earnings in from Viacom the media companies reporting a profit of 98 cents.
The estimate there was for 89 cents that's it -- for Viacom revenue came in at 3.3 three billion dollars the estimate there was for 3.3 four billion.
And we'll get several pieces of economic data later this morning as well including the latest look.
At the labor market 308000.
People are expected to have filed for first time jobless benefits last week.
That let me down from the 388000.
In the previous week -- We've been seeing a lot of upward revisions lately so we'll keep and I -- that if both numbers do stay below 400000.
That would mark the sixteenth straight week that they've done that.
We'll also get our first reading on first quarter nonfarm productivity and that number is expected to be down by half of 1% for the quarter after the fourth quarter rose.
Nearly 1% labor costs meanwhile are expected to have climbed by two point 8% during that period.
Unchanged from the prior quarter will have all of those numbers as soon as they cross at 8:30 eastern.
A congressional leaders calling for the creation of an independent counsel to investigate.
The collapse of MF global Republican congressman Michael Graham a former FBI agent who investigated financial fraud on Wall Street.
Has sent a letter to fellow lawmakers about the council.
Sources say the move stems from allegations of conflicts of interest in -- investigation.
Which -- Charlie Gasparino reported on earlier this week that includes conflicts within the commodities futures trading commission.
Which is headed by Gary Gensler who previously worked with former MF global CEO Jon Corzine.
Over at Goldman Sachs other house members mostly Republicans are expected to join -- call.
And we're getting earnings in from cardinal help the companies reporting a profit of 94 cents a share the estimates for 88 cents.
Revenue came in at 26 point 92 billion dollars beating the expectation for 26 point seven billion.
Investors appear to have some reservations about Carlisle group.
The private equity group priced its initial public offering at 22 dollars a share.
Below its original range of 23 to 25 dollars a share.
But -- -- at that price -- be the biggest IPO so far this year raising 671.
Million dollars.
It comes ahead of the highly anticipated FaceBook offering.
Which is expected later this month -- -- investments including AMC entertainment.
Dunkin brands and hurts the stock is set to start trading on the NASDAQ today under the ticker symbol -- Imus in the morning continues right now on Fox Business giving you the -- --
