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German Consumer Sentiment Expected to Rise in July

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

  • Duration 5:08
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This is that Imus in the morning.

I'm on the fox -- Let's start things off with a look at the market here in the US futures are up across the board Dow futures are up by 35 yesterday's up by four and -- nasdaq's up.

By almost ten over year we got a surprise reading for German consumer sentiment.

Showing -- set to improve in July -- -- -- sold just over three billion euros.

Of short term debt at the highest rate since November.

Also France's finance minister says he'll meet with fellow ministers from Italy Germany and Spain.

In Paris this evening ahead of the EU summit at the end of the week markets there.

Are fairly flat though to the upside right now the -- closer look at why would European markets.

With Forex dot com research director Kathleen Brooks over in London.

Kathleen we got this sort of surprise improvement in German consumer sentiment for July -- your take on that.

While I think -- you know it does and they -- see you and the need supplies some of the very bad thanks to that -- actually have from -- say.

Haiti is a -- a little bit about the -- an economy because when -- sweeten the -- -- and sons.

That it -- -- the periphery of Europe that is getting on Dick potentially drag Gemini with it.

And you know ahead of this EU minute meeting that is.

We have friends now saying it's not only gonna meet with Germany but with Italy and Spain as well should -- freeze any concern that they feel the need to have this last minute.

Meeting right before the summit.

Well they do tend to.

I mean am on the one hand needles and had you know the -- -- of these countries meet on Friday say is not unusual look finance and in this is may remember they that he attended together.

For lot of for a lot of these meetings are having kind of finalizing the could it least it means that -- that index -- negotiation.

I think one thing that that it does highlight today is -- the isolation Gemini that acknowledges -- and Gemini and them any mall with always see days -- tell people the summit's.

Now you've got -- why the poll was lying about that is that it means it says.

Even more people signed -- trying to come up with some solicitation.

I -- indeed think that that increase is maybe -- chances of -- Getting -- more cohesive solution -- if they do manage to find some middle ground in this meeting.

I think it's very -- difficult to find middle ground in this meeting cattle or this summit I roll.

Then looking for such huge change is we talking fiscal union would talking back and -- union and eventually political union.

That this -- summit not Thanksgiving I think the best that we can I afford the roadmap that may be -- -- the way for not a few months discussions and plans.

But whether the markets -- accept that that's what we have to latency all right Kathleen Brooks from forests dot com in London thanks -- we appreciate it.

And Coca-Cola says it will spend an additional three billion dollars in India through 20/20.

Raising its investment there to five billion dollars India has been one of Coca Cola's fastest emerging markets.

Chief executive -- -- Kent says the company thinks there's potential in India.

And it wants to stay ahead of the curve.

Last November Coca-Cola says it planned to invest two billion dollars in India to expand its nonalcoholic.

Ready to drink business.

Shares -- Seagate Technology are up roughly 5% in the premarket.

After -- -- he announced the stock will replace Progress Energy in the S&P 500 index on Friday.

Progress Energy is being acquired by Duke Energy -- one of the biggest makers of hard disk drives has been benefiting from rivals production problems.

Following severe flooding in Thailand.

As of Monday's close the stock is up 42%.

This year.

Shares of FaceBook are also up slightly in the premarket after that company announced it's appointed chief operating officer Sheryl -- to its board.

That -- Sandburg the first ever female board member at a social networking company and the only other executive decide CEO Mark Zuckerberg on Facebook's board.

The company had faced calls -- women to the board ahead of its IPO but wouldn't say whether the move came in response to that pressure.

In addition to helping build Facebook's advertising business center is also served as the public face of the company at times appearing at conference is an important meetings.

While Zuckerberg refers to focus on Facebook's products she also serves as the board on the board that is.

Of the Walt Disney company let's take a look at weather now one check in with meteorologist Maria Molina.

In our fox this is whether senate -- Maria.

Good morning saying good to see this morning good morning everyone in the big story of course once again -- tropical storm -- who remains a relatively weak tropical system right now just has maximum sustained winds.

About 45 -- Broward is moving slowly towards east.

Add about three miles per hour in right now we are expecting landfall across northern Florida as.

A -- tropical storm once again as we head into later in the day on Wednesday and early Thursday morning -- -- accent -- of the storm isn't is is -- really big story the big story is the amount of rainfall that we're expecting and a -- -- scene from -- over a foot of rain has occurred across parts of northern Florida we're still expecting another foot of rain.

So flooding major concern out here.

As well as some tornadic activity that will keep an eye on throughout the day today in the state of Florida -- All right thanks a lot Maria.

Let's take a look at commodities oil in -- -- Imus in the morning continues right now.

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