Dow Looks to Snap 6-Day Losing Streak

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This is this Imus in the morning.

On -- Fox Business.

Good morning everyone -- -- to get several pieces of economic data including the latest read on the labor market in about thirty minutes.

369000.

People are expected to have filed for first time jobless benefits last week.

That obvious slight rise from the prior week's 365000.

-- been seeing a lot of upward revisions lately so we'll keep and I -- that we're also getting the latest trade deficit figure for march.

That's expected to show a fifty billion dollar shortfall after it shrank to 46 billion.

In February it will also get import -- export prices for April import prices are expected to shrink by point 2%.

After surging one point 3% in March economists are looking for X ore prices to rise by point 2% after climbing by point 8%.

In March we all have those numbers for you as soon as they cross at 8:30 eastern time in the meantime let's take a look at the markets here in the US.

Futures were in the -- all morning just recently changed direction of Dow futures are up by 42 the S&P -- up by eight.

And the -- also up by eight.

This after another day of losses for Wall Street the Dow ended yesterday with its sixth straight trading session.

Of losses the DS and over in your concerns about the region's debt crisis are again weighing on markets but they have also reversed direction.

It's slightly in the -- now London's up by five -- is up by thirteen.

And Frankfurt's up by seventy points.

Now let's take a closer look.

At what's moving those markets with Dow Jones newswire senior correspondent nick Hastings.

Over in London -- -- a little bit of a standoff between Greece and Germany you have -- growing opposition to bail out terms and then you -- Germany now threatening to halt any financially to the country.

Unless state government commits to new terms is -- middle ground here.

I mean that is the problem that is increasingly that doesn't hit the middle ground because if anything what's happening is -- we've had this election looks that the extremists really have got the upper hand.

And it looks exactly as if we get to end up having to have another election in early -- bludgeoned seventies and indeed it was aiming for.

In fact the polls -- -- -- that those extremists who will not go ahead with a bail out as planned.

On actually more likely to perhaps increase their.

There that that supports in a second round of elections second election I so that's gonna make even more difficult for Greece in the longer run out of the same -- -- -- suggesting.

Germany the other statistic if you want saying you -- you have to take the medicine.

But still we've seen a little things like the Bundesbank and -- be more flexible on its inflation targets which would help a little bit.

But you know all little bit too late basically done I mean I think increasingly and it's quite.

Existing -- that they have -- because that's -- particular bets -- books in London.

I'll just close their books on that Greece exiting the Euro by the end of the -- -- -- -- people are taking bets.

And now let's shift gears to the region's other problem child after -- -- bank kill late yesterday Spain insisted that the banking sector in general estate.

And promised more measures to -- strengthen banks tomorrow now you believe this sector is safe and what are your thoughts on these new measures.

Till it's got to the stage it down -- basically the Spanish government can.

And do as much as it once -- trying to save Spanish banks which is something said he wasn't makes them do -- What's gonna matter -- what's happening with the cost of debt for Spain.

And that continues to rise and that means that it's going to be more more difficult for -- continue.

Servicing its debt and avoiding default -- and as well as that that cost continues to rise.

It's -- government console as much money as it wants the banks is up and indifference.

That's -- case things live from London thanks announce its -- we appreciate it.

Thanks.

And China's trade surplus grew in April fueling fears -- the country isn't doing enough to prevent an economic slowdown imports were up point 3% year over year.

Easily missing expectations for an 11% increase.

Exports rose nearly 5% also well below the forecast that created a surplus of eighteen point four billion dollars which follows march's surplus.

Of more than five billion import figures especially troubling -- Chinese companies reliant everything from raw materials to computer chips.

From overseas so the numbers usually good gauge of the health of the overall economy.

Meanwhile Sony has posted its fourth straight annual -- the Japanese electronics maker lost a record.

Five point seven billion dollars due in large part.

Two more struggle at its TV division which is seen losses for eight straight years now new CEO 'cause you -- -- -- looking to bring the company back into profit territory.

By cutting costs and slashing jobs he's also explained possible partnerships to help Sony's TV division and counting on cameras.

Gaming and Smartphones to spur growth.

Here's a look at commodities oil and gold are down Imus in the morning continues right now on Fox Business.

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Dow Looks to Snap 6-Day Losing Streak

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