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Good morning everyone US futures are searching further action after yesterday's big rally we sodomy in the -- early this morning.
Now we're seeing them up across the board.
New currency we use in the breaking news better here we're waiting at a rate decision from the bank giving that will come at any second here in the meantime.
-- let's take a look at European markets that decision did come down the bank is keeping interest rates unchanged.
At half of a percent it has been at that rate.
Up for more than three years now since march of 2009.
There -- so let's take a look at the European markets now as you can see there in -- -- across the board London's up by 51 -- up.
-- a 26 in Frankfurt up by 47 now let's take a closer look at what's going on -- those markets without -- -- senior market analyst James Hughes.
Over in London James not a huge surprise here from the DO we what's your decision on this what's your reaction I should say to this straight decision.
But it is my decision not to same thing but the reaction is -- -- he's not necessarily too much of that.
Of a surprise -- you side we were expecting that that kind of result and I think.
When you have someone like Christina got coming out saying that the Bank of England should be looking at cutting interest rates assessing the bank agreement.
Are gonna do is not cut interest rates just to -- it that we don't have to listens -- -- these people will look at this economy ass out when my Karen's decision something that was going to be.
In the inevitable reaction to stuff with what will be interesting to see will be once we get there at the meeting minutes of this and wants to see just how the voting went.
On what -- that I should -- right so -- -- nothing that's going to be the interesting point and that gives an indication.
As to what will get at the next meeting and then of course the next -- -- -- is well have been fighting on that and and whether we need anymore stimulus in these UK economy but.
-- -- activate not necessarily a huge surprise we did see we would get not a change that's exactly what would go.
And it is but they'll find out more about this as you said when we get those minutes but.
There's seems to be a larger push for growth now in the area do you think that could influence these decisions going -- Yeah I think -- numbing Garcia is -- that isn't the big issue of course not just in the in the U -- I mean.
The eurozone as -- -- that we're looking at -- I think.
Growth is a big -- you still need to make sure you marry when these things -- you have to have that.
Have the economy performing well that number one barometer of power and economies to phonies unemployment and asked that the big issue -- I think the whole.
Growth the world's got largest that you -- in the Euro zone and in the -- the US is well I think.
-- employment situation needs to be addressed.
-- needs to be addressed and of course used you know commitment not sustain minutes and -- -- again.
Is very hard sell it to do those sort of things and then get grossed and they also get the nation back -- Danny's -- -- -- it's hot -- that the government has awoken of course easy increasingly typical of the month.
And very quickly I wanna talk about Spain here you know -- borrowing costs rose in his latest auction but it did sell more bonds than expected so.
You look at this is a positive or negative.
Well I think whenever you were gonna get one of these bond auctions.
The pickup was good and that's a positive thing and you're always gonna have to -- slightly higher at right when you've got a situation is counting on them I'm inside those bond yields edging higher isn't necessary to much of -- -- But the fact that I beg to get good pick up of this bond auction shows if -- do need to rise any.
And not really do need to have boosted the economy that that might be the power -- -- who did it but.
Not necessarily surprise is that the the barring rights are coming up that that's going to be articles and -- -- -- -- across the Euro zone anyway series again not necessarily surprised that happens I.
James Hughes anything's on the other done -- take it -- thank.
Mean I Asian markets followed the US rally higher for the most part anyway let's get the latest on that from -- -- Lon Morris in Beijing I get back.
-- -- and be a little bit of breaking news all these other central banks around the world sort of -- other hand.
That's what the people's bank of trying to -- that just cut the key interest rate.
Like quarter of 8% now they've been speculation all week -- -- play the speculation had been at very divided some analysts.
Think that it interest rate cut with -- some say no way it let me -- -- -- just yet and we've been waiting.
-- this inflation number I don't Saturday which personally I thought the government would wait.
I see how that looked before they cut interest rate about had just come through diet and it's really -- you that the policy makers here in China.
Our act -- they know that the tiny economy is slowing down and people are really starting to get concerned about a hard landing the the interest rate -- I end up pretty big move from the -- it's pretty unthinkable earlier this year but the data have gotten so bad.
That this is what happened again -- interest rates you're trying to cut by half a percent.
Back TOR Wright did throughout -- with them breaking news sports let's see how it's affecting the market due to thank you so much.
Market -- we're seeing now up a lot higher than we saw earlier Dow futures now up by about sixty points commodities are now mixed oil is up gold still down.
Imus in the morning continues right now on Fox Business.
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