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Euro Markets Rally Ahead of Central Bank Meetings

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    FBN’s market experts on the stories making news around the world.

  • Duration 5:46
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Go live to London where we're joined by David Jones chief market strategist for IG markets -- am asking everybody the same questions so far this morning.

How long does the euphoria the excitement last.

From that deal that was struck at the end of last week's -- kind of open up the bailout facility to its banks.

Maybe you alas some for a couple more guys who do of course have VB Central Bank the European Central Bank meets in history the normal monthly -- -- and enhancement.

On interest rates it's maybe we'll hear from -- -- that's what we had from the US fads that they'll be no QE.

In the short -- no more stimulus I'm for economy so maybe that will be enough.

Tonight he put pushed down some of this optimism but for now at least as you say it is also posted been mildly positive in Europe.

But still up on the -- and -- benefits of that announcement from the early hours of Friday morning.

How much of this that would this bit of a rally that we're seeing this Monday is.

The expectation.

That the European Central Bank will indeed cut interest rates maybe do something else later this week.

I think there's a little bit of that fact today I think ahead of all of these Central Bank -- things in recent months we have an expectation.

That -- will have some sort of found it's more stimulus we have we have unemployment figures.

Part of the year as -- Diane nice notched up again so I think.

Many people do expect the central banks to act I think expect -- the your -- so right this week -- -- David -- soon.

Thank you so much David -- great to speak with me this morning I'm David Jones.

And for a closer look.

At the U Asian markets let's go to Fox Business contributor -- sergeant -- -- she's on the phone with us from Singapore.

-- -- -- Asian market gave it started strong but they've stated that there's lots of things that investors were considering to purchasing managers index is.

China the official love that fact that they -- -- And I don't -- -- -- private companies now both that accident in the rank in June.

At the fastest pace in seven month and it was hurt by weak export demand from.

In Europe and North America also today the Bank of Japan came out with the tankan survey and that -- business sentiment.

Improved in April to June quarter.

However that followed up purchasing managers index report from Japan on Friday which showed that manufacturing activity shrank in June though investors are -- Patent weigh those two -- -- today would well I'll call markets were closed but elsewhere Japan South Korea gave up their early gains in the finished little changed.

-- really an up and down -- but it that the ended.

Didn't change a whole lot by the end of the day and updated -- index over the better performers adding nearly 1% today -- Thank you so much K great to hear from -- -- sergeant on the phone with us from Singapore now for a closer look at the US markets and a preview.

About things could shape up today we're joined by fox business's -- cinematic from the newsroom good morning alarm.

Good morning the fireworks were lit early on Wall Street with stellar gains for the major averages the Dow rocketing 277.

Points on Friday June great -- to with gains of at least three point 8% for the three major averages.

This first trading day in July will be busy -- in an equally busy week.

-- manufacturing figures on tap auto sales tomorrow and that key government jobs report for June is out on Friday.

Speaking of jobs they're moving off of Wall Street the trend is called near shoring it's where big financial -- higher.

And relocate workers to cities like Salt Lake City, Utah.

And Jacksonville Florida where rent taxes and labor.

All costs less Silicon Valley seeing a similar accidents as the big tech giants find savings in other US cities.

And -- -- -- fifteen shades of gray flying off bookstore shelves.

EL James is erotic novel became the nation's fastest selling -- back.

To reach one million sales Nielsen books and finds that -- took eleven weeks to reach that mark.

That was 25 weeks faster than the previous record holder the -- Vinci code.

I was looking for a.

Look to buy over the weekend -- shows wise guys by -- actually not that thing.

I in the -- hasn't -- in his written with a look at more business.

For you this morning it and.

A -- and so Barclays chairman -- -- ages has resigned in the wake of the bank's interest rate rigging scandal.

Ages -- Bennett chairman for more than five years says the scandal has dealt a devastating blow to Barclays reputation.

And that the buck stops with him he will stay in position until succession plan is in place.

The bank was -- more than 450 million dollars last week.

By British and US regulators for submitting false documents on the London Interbank offered interest rate at the rate banks lend unsecured funds to each other.

Barclays has admitted that some of the traders attempted to manipulate that rate ages his resignation is seen as an attempt to take the pressure off CEO Bob Diamond.

Who along with -- is also facing calls to resign.

Airbus is set to unveil plans for its first US factory later today the company's parent European aeronautic defence and space.

Plans to spend 600 million dollars to build a facility in Mobile, Alabama once it opened since when he fifteen the plant is expected to create.

1000 jobs and will reportedly produce four planes a month by 2017.

It will also be -- the home to turf of US rival Boeing which has 2700 employees in Alabama.

Micron Technology is purchasing failed Japanese.

For 750 million dollars in all micron will pay 2.5 billion dollars to satisfy reorganization claims.

By LP is creditors and shares are higher in the premarket dating back to you thank you so much Diane.

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