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Global Markets Still Riding Spain Rally

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  • Description

    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  • Duration 4:51
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Imus in the morning.

On the -- -- -- now with a look at the markets after yesterday's sell off US futures -- in the green across the board Dow futures are up by 71.

Yes -- up by six in the nasdaq's up by fourteen over in Europe.

Investors -- still cautiously optimistic over Spain's bank bail out stocks there are in the green across the board as well.

London's up by about 27 -- up by thirteen and Frankfurt's up by 36.

Now look at a closer look at why with IG markets sales trader will -- Over in London will now that this bank bail out is out of the way what's the next big issue for -- what should they be focusing on Greece Italy or maybe -- and.

Hi Daniel when he yes I think it's and he is well we've we're seeing a little bit more focus push today oval you can markets a little bit lackluster we are seeing -- -- -- in the major averages but if you take a look at the Italian indexes suffering more today than all the others the banking sector seems to be.

Taking a little bit of the flack this morning are I think investors -- -- -- that the reaction to that of the Spanish right now I think things.

How -- -- painted outside quickly yes they often name that -- that it cities is the next in the firing on and we're still seeing that in bond yields.

Full bite those nations on commentary about 6% and and that seems to be -- as we head towards the weekend we'll get a -- bit more focus on the Greek elections.

As we get towards the weekend and I think today and tomorrow it -- making excellent.

And will if this Spanish bank bail -- is in providing the kind of boost that economists expected does that -- thirds more bailouts going forward.

I don't necessarily mean he is does discourage -- -- if they're banks and needing recapitalization.

And then for the sovereign to winning -- kind of take -- business and it's going in this way out -- -- we're gonna necessarily see that change.

I think it's more case of the market's paying Craig to -- expecting this fix I the weekend we've seen a rally analyst on his affairs in the -- The market in the allies of of the big banks are still remains how we see a little bit issue was -- only these rallies.

Good benefits the US insistence that page is down -- we've just seeing more shorts coming in at some of the other long that senator investors who -- making full.

You know -- -- for the markets to return to more -- environment that this thing went away and we don't expect things come back any time -- I'm not know we have Cyprus now hinting that it means -- bail out maybe even as soon as this month even done getting -- that a good idea.

What I think it.

It's something that we've sort of seen come up on the right on the last -- -- company Dicey about our whoever you don't need is -- -- being with pricing too much attention on his low standing on the all on the agenda reloaded the -- who have focused on here.

Fall first and even Western European point to -- anywhere -- -- -- -- a brief elections that we can.

Said he wished for CNN opinion polls quite divided the -- but -- -- a market on this and we are seeing.

Mobilizing the -- democracy of the -- fancy looking full.

There's a bite out to go through effects if -- elections I think this is more focused than -- overseas not good to hear from another country you kind of buy it out but it's a small.

How much more part of the year -- picture.

-- that's -- -- and live from London thanks so much -- we appreciate it.

-- and -- getting earnings -- now from Michael -- the apparel designer and clothing retailer.

If your -- a profit of 21 cents a share that beat the estimate for sixteen cents.

Revenue of 380 million dollars also beat the estimate -- 360 million.

Meanwhile TomTom has announced it will provide the maps for Apple's new IOS six mapping service the -- navigation device maker will work with apple to offer a local -- service turn by turn directions and the ability to -- areas in -- The new feature will replace Google Maps as the default on iphones and ipads.

Analysts say this could be a big win for TomTom is more people use Smartphones and tablets instead of navigation devices for directions but they do warn.

The deal could also hurt sales of the Tom pot Tom apple.

In the iTunes store and hit navigation system sales even further.

General Motors will hold its annual shareholder meeting today and investors are likely to have some tough questions about the company's performance.

GM stock has shed a third of its value since closing at 34 dollars on the first day of its IPO back in November 2010.

The automaker struggling European operations also lost more than 250 million dollars.

In the first quarter and some analysts question whether GM's moving fast enough -- restructure.

Here's a look at commodities now oil and -- -- to the downside all morning boils down currently about twenty cents at around 82 dollars a barrel old gold.

Is down by four bucks at 1592 announced coming up this hour Imus is -- -- relationship expert.

-- -- Imus in the morning continues right now on Fox Business giving you the power to prosper.

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