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-- now we want -- look at markets and how they are doing around the world over to Asia we have gains across the board.
With the biggest never -- the Hang Seng in Hong Kong up more than 1%.
In Europe the gains have been modest all morning.
But hopes of more stimulus more monetary.
Easing -- bond buying from our Federal Reserve.
Is -- markets there.
And then US futures are also higher Dow futures up -- modest 28 points.
And oil and dole have -- been heading higher this morning gold up one and a half percent.
But oil has backed off its earlier levels and now is sitting below that 98 dollar a barrel mark.
For more on the European markets let's go live to London where were joined by James he's chief market analyst for Al par UK James.
That -- -- -- is meeting with on the one Merkel today this is eastern time about 1 PM eastern time today they're gonna hold a press conference.
What do you want to hear from them.
Well I think what we want to hear something difference.
All the other stuff we've heard before -- and what we've heard before has been pretty much nothing but a lot of -- says -- definitely on its we will we don't necessarily get.
Too many bits of concrete deeds have come out any of these meetings and of course -- they.
-- you probably twentieth meeting between officials in the eurozone which we.
Or white forward I think -- that something's gonna come out of it and it doesn't end up happening that why I mean there's been some other stories around the year -- -- Talking about Greece in anger and not go away and that that the Euro zone finance ministers well.
Have been talking down that might be Greece will get -- bit more of an easy ride.
From Germany maybe looking to -- if he deadlines back to you think dying side.
I think this week if you one -- -- -- for the Euro zone where we you just seem a -- debates that we take it speaks so I.
And we got out of here we got a guy big -- -- the issue.
And next month that ruling from Germany's constitutional court house interviewing somebody yesterday.
And there's a lot of potential downside -- -- of that ruling is or not do you think -- that's fully factored into the market at this point.
Moving the way the markets reacting -- is quite strangers because you get these issues where.
We get some news out of that out of the eurozone and the market doesn't necessarily -- positive or negative because -- -- my stuff are getting new.
Things off stating the obvious or having nothingness is necessary solving any issues now I think.
This ruling from the -- of course is gonna be one of the bigger announcements and of course that best.
That's going to be cases that how we go about solving this issue and I don't think.
That is factored in actually I think we could see degree of movement a degree of volatility on the back of that is that whichever and the way comes out.
-- -- -- What it what it -- is only give us an idea of of how far.
At people a lot of together in this day Euro zone crisis with with helping out these other countries it that it.
Again it doesn't solve any problems and and he sees the issue via apple -- on the -- we have meetings we have.
Figures we have.
-- people talking different things but nothing sells the issues.
James good to speak with me this morning James Hughes without -- UK take care.
And a closer look at Asian markets today Katie sergeant is with -- Fox Business contributor in Singapore she's on the hot Eddie.
I dig in Asian markets ever hopeful that we'll see -- stimulus at some point from somewhere.
That the data hopeless that we would get in the US after the minute from the -- -- meeting indicated that the Fed could be ready to take that.
And that was good news here in Asia today the Nikkei in Japan was up one.
Half of one prevented acts committed to that -- three month closing high today but the -- is it a bigger -- there was sharp more than one -- in Japan South Korea was also higher today adding sports and -- -- person and that and Spain was one of the stronger performers in the region adding one point -- -- -- Shanghai composite was up about a quarter of the -- And today.
One note from down under and it comes from.
Qantas airlines their flagship carrier in all yeah.
Its shares were up about two point 8% that expect or as -- as those expressed one point after it now.
The cost cutting measures as fortunately those include canceling orders -- thirty eyes and an 87 dreamliner and -- with the price tag of about eight at billion dollars they.
Thank you Katie Katie sergeant in Singapore for us now a closer look at the US markets Dennis -- -- giant does.
Here in the Fox Business building good morning Dennis.
US futures up on fed meeting -- released yesterday that gave the strongest clue yet that the Fed may take new moves to stoke the dormant economy.
But the Fed's efforts would keep interest rates low and that makes it easier for the government to keep borrowing.
And yesterday in new congressional report came out saying that we have a fourth straight year of trillion dollar deficits.
But the drastic cuts and tax hikes set for January.
Would do even worse damage in the short term drastic moves would slash maybe for a fifty billion dollars from annual overspending.
But it also what's in the economy into recession kill jobs for two million more people and cause a 3% decline in GDP in the first half of next year.
Back to you.
Thank you Dennis.
And checking more -- -- top business headlines today and Citigroup says it wants regulators to shoot down the nasdaq's plan.
To make up some of the losses that firms suffered in Facebook's market debut.
In a letter sent to the Securities and Exchange Commission the bank says the exchange was quite tasty.
And self interested and how it handled IPO.
City claims the NASDAQ went ahead with transactions and ignored technical problems.
Ultimately leading to hundreds of millions of dollars in -- says.
The bank says the nasdaq's proposed 62 million dollar compensation plan.
For all those affected by the botched IP would cover only a small part.
In close to Citi estimate that that banks' losses alone stand at twenty million.
Citi added that it doesn't intend to waive its right to seek relief from the NASDAQ through appropriate legal channels.
-- -- to get two -- of important economic news this morning first look at unemployment.
On situation -- yeah we're talking about jobless claims for the most recent week 365000.
People are expected to have filed for first time jobless benefits.
That would be down slightly from the prior week.
There will have to see that number is revised its out at 8:30 AM Easter.
And then we get.
Another look at the housing market new home sales for July that number expected to come in an annual rate of 365000.
That would be up from June's reading that figure out at 10 AM eastern.
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