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Markets Look to Turn Around Trading Skid

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    Dow Jones’ Nick Hastings breaks down the stories moving the markets around the world.

  • Duration 3:16
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-- all morning and they're getting some mixed signals from everybody on this.

Asian markets trading up in Tokyo and South Korea but Hong Kong Shanghai they close down this morning European markets is where the confusion is occurring.

European markets are trading up despite negative news about the European zones the Euro zone's economy as well as lack of -- solution to the Greek debt problem.

US futures indicating we will open in positive territory in an hour and a half.

And -- of course sell oil and gold trading up this morning as we get ready for a busy trading day.

We're getting some earnings from -- everybody you can take a look at the five year screen 81 cents a share expectations.

Earnings were 79 cents a beating on the bottom line revenue came in at three point 05 billion dollars after that however was -- three point.

07.

Billion.

And we'll be watching those shares as the morning progresses.

But for more on the European markets let's go live to London where we're joined by nick Hastings senior correspondent for Dow Jones Newswires.

Nick please explain to to me how the markets are rallying when it seems like that there is paltry little news out.

There would cause people to buy stocks in Europe today.

You are absolutely right the market looks totally progressed because if anything the news from Germany where essentially strong growth in the first quarter looks at its -- -- be slowing down drastically in the second quarter.

Suggests that that is -- Dragging the rest of the eurozone out of its crisis.

The eurozone peripherals gonna drag Germany down and that really is a worrying factor but as you said it's bouncing.

Well it's because the you look at a lot of declining -- that stocks that a lot of falls yesterday.

And you know nobody wants to continue pushing these things 12 o'clock to five so we've seen a little bit of -- rest bite at the moment.

And it is credit state -- that you know.

This is technical German bonds are only operating.

About 0%.

Who stood behind the homes so what we see is that people is that going -- the -- -- they have to -- for a long time.

And -- -- elsewhere and this puts the peripheral yields little bit.

That helped push up stocks and lift the Euro.

We've got a lot.

Admit women struggle with the same thing here in the United States visibility wanna buy -- am loan money did the US government.

And what one point 7% a year over ten years that you've still seeing.

At least in mutual funds is a flood of money into bond funds and money flooding out.

Of stock -- -- on that point what is the next I guess.

Benchmark whether it's a meeting of European leaders or -- piece of information that could.

Move the markets further lower potentially.

Well I think what's happening now is -- the -- politics is concerned we have the EU summit informal summit -- today.

We're not gonna have to wait for the formal summit at the end of the month you have to wait for the Greek elections on June 17.

And what's that meeting on that is the marks the focus.

Especially after those nasty because out of Germany today they gonna focus on the economics is the Euro -- Quality state of the eurozone economically you know what's the -- thought.

Is Germany really not going to be able to pull everybody out you know basically the Mercedes was going on the -- -- can -- behind.

And all -- on the wheels -- Off and at that Europe keeps declining maybe that will help a little bit nick thank you so much -- Hastings.

Of the Dow -- news.

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