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FBN’s Diane Macedo breaks down the stories moving the markets around the world.
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This is rated Imus in the morning.
Good morning hello let's start things off with a look at the markets -- the US futures are turning things around right.
Before our very -- Dow futures are up.
By four points now the SB's up by three and the NASDAQ down by just three quarters of a point this after seeing them.
In the red across the board all morning -- -- continue to keep an eye on those gestured heavy sell some losses in the markets the Dow saw its sixth.
Straight session of losses the Dow the NASDAQ and the S&P were also down.
We just got key interest rate in from the Bank of England the bank decided keep interest rate unchanged at half of 1%.
It's been there since march of 2009.
They haven't moved on those rates in more than three years.
Now let's take a look at what's moving the European market you can see they are currently makes -- down by 21 -- -- down by 24.
And -- up by seven let's go over to -- -- over at Barclays in London for some more feedback on all this so Hank.
Bank of England keeps the rate unchanged this is no surprise -- what's your take on the move -- should we see any change anytime soon.
Now that's my real surprise have the truth is it's real balancing act for the Bank of England at the moment.
We know that the economy's been under pressure falling back into recession.
Do nickles of the first cool to.
-- -- -- we know the austerity measures in she's by the coalition government been important in terms of maintaining market confidence holding on.
Least in the short -- that all important trip right right thing but the cost of that has of course been economic growth consumption is still remains very weak.
Business confidence and investment is very -- as you can imagine exports have been under pressure.
Given the weakness that we've seen from a major trading -- us.
But alongside that inflation hasn't been falling as quickly as anticipated.
So the Bank of England or sites they thank they -- to maintain that quantitative.
Easing program -- at 325.
Billion pound locked in terms of women met -- mex rate rises gonna come -- it that we have to wait.
All the way until the second half of twenty -- I think they've memorized talking about the potential from modest -- I redneck I want -- Perez Spain a little bit the country nationalized.
Its crippled lender bank -- late yesterday in hopes of containing the escalating crisis.
And restoring faith in the country's management there what do you make of the move of this work.
-- -- goes a major challenges all of which have been putting pressure on its banking system and of the public spending in Q -- Don't really high levels of public and private sector debt that the -- bubble bust.
And out of schools let the bank with a huge amount of months unlikely to be paid back.
The good news is elusive the mechanism -- have been -- in place to deal with struggling banks are starting to work banks have to work to high -- capital ratios.
There are unable to achieve that themselves find a market solution if I isn't possible.
As is the case -- -- -- -- -- that's -- and then beyond that you've got a bad out mechanisms so yes the banking problem is still around but at least you've got mechanisms to do with that.
All right that's hang -- from Barclays over in London thanks thank.
And we're getting earnings in now from -- the department store chain is reporting a profit of 63 cents a share.
And BBS but for 61 cents but revenue came in at four point 24 billion dollars just shy of the expectation for four point 25 billion.
Also said get several pieces of economic data -- this morning including the latest read on the labor market in less than ninety minutes 369000.
People.
Are expected to about the first time jobless benefits last week.
That would be a slight rise from the prior week 365000.
But.
We -- see a lot of upward revisions -- -- we're gonna keep an eye on that we'll also get trade deficit.
Remarks and that figures expected to show a fifty billion dollar shortfall after -- -- to 46 billion in February.
We'll get important -- -- prices for April as well import prices are expected to shrink by point 2% after surging one point 3% in March.
Economists are looking for -- for prices to rise by point 2%.
After climbing point 8% in March well all those numbers for you as soon as they cross at 830 -- Sony has posted its fourth straight annual loss the Japanese electronics maker.
Lost a record five point seven billion dollars due in large part to more struggles at its TV division which -- seeing losses for eight straight years now.
New CEO president -- -- rise looking to return the company to a profit this year.
By cutting costs and slashing jobs he's also exploring possible partnerships to help Sony's TV division.
And counting on cameras gaming and Smartphones to spur growth.
Here's a look at commodities now oil and gold have been down all morning oil is now down by about 46 cents around 96 dollars a barrel.
Gold is down a little more than three dollars and 1590 an -- Imus in the morning continues right now on Fox Business.
Giving you the -- across.
