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FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.
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This is good Imus in the morning.
On the fox.
Good morning everyone -- -- a look at the markets right now here in the US futures are in -- across the board have been.
Not on the morning announcing Dow futures up by 65 gets -- he's up by seven the -- up by fourteen.
In Europe the bank of England and European Central Bank both left interest rates unchanged and ECB is expected to unveil a new plan this hour to buy government debt.
Meanwhile German Chancellor Angela Merkel meet with Spanish prime minister Mariano Rajoy in Madrid today to discuss Spain's austerity measures and ahead of that.
Spain had a successful bond sale with lower yields than in previous auction stocks there.
Also up across the board London by 38 Paris by forty Frankfurt's about 104.
Let's take a closer look now at what's moving these European markets with markets dot com chief economist bill who barred.
Over in London bill little while ago ECB kept interest rates unchanged what's your reaction that.
Well I think the most.
-- -- almost at 18% probability that they would drop rates awaiting for -- bond buying program my feeling is we will get a rate cut but not until.
November the eighth which of course is two days after the US elections but I think the teaching that you just -- -- a zaireans Jerry teaching Spanish auction it went much better than expected so is -- a question that investors deciding that buys from.
Spain today and sell to the European Central Bank very very quickly.
And and bill what do you expect in this meeting with Merkel and -- Mariano -- today.
I don't think that's I think we can put that on the back burner because the market right now is really looking to see what the European Central Bank does in reference in this bond buying program politicians now can take second fiddle the -- serious.
I think the market may be disappointed because with all the leaks eccentric side -- Most people -- that'll -- maximum of three years it will not be sterilized because there -- it would really sort of infringe on the fact is the European Central Bank being -- then the buyer -- usual which they're not taken in response to be so I mean as a sex we're expecting three years maximum but I think the market could be slightly disappointed I guess my feeling -- if Spain and Italy which of the two biggest.
Issue was a government bonds in Europe well.
-- are having trouble issuing in ten years will that mean literally continued issued the shorter paper which of course into the ECB -- get sluggish but as I -- the market feeling that they ECD's in banks now assorted do something but I do feel we could be in for a slight.
Disappointment in -- next thirty minutes.
And bill I just have a few seconds here's a very quickly but I wonder then everybody can say we're not gonna get many -- -- that of them.
Will that be enough if we don't.
Well I think the market already feels that way because we really can't do anything until the German constitutional agreement on the twelfth so the market -- will get at 88 tastes good today but we won't get the main course probably until the October meeting officially.
I will get the appetizer and a little loud thanks so much they'll -- great having.
Now plans to lay off employees fell by more than 12% in August from July according to outplacement firm challenger gray and Christmas.
Which is employers in the US announced plans to lay off 32239.
People last month.
That's the fewest number of monthly job cuts by US based firm since December 2010.
Meanwhile at 815 we'll get the latest report from payroll processing firm ADP that's expected to show 140000.
Jobs threat in the private sector last month.
And at 830 weekly initial jobless claims -- -- 370000.
People are forecast to -- for first time benefits last week.
All of that comes ahead of tomorrow's big monthly jobs report.
Economists expect the private sector to have added 138000.
Jobs in August the total nonfarm payrolls forecast to rise.
By 125000.
-- employment rate is expected to stay at eight point 3%.
Amazon is expected to unveil a new Kindle fire and a new lineup of speculation has been building that Amazon will roll out a larger tablet which will be ad supported to reduce the cost.
Amazon CEO Jeff basis who's expected to introduce a new devices today.
We'll release the released the original Kindle fire last year.
For 199.
Dollars the new products market company's latest effort to compete with apple which is expected to -- a smaller cheaper iPad.
Google for its part is just release its own mini tablet the next seven.
Here's a look at commodities now oil and gold like the markets have been up all morning -- oil up by little more than a dollar -- 96 dollars a barrel.
Gold is up by about 21 dollars at 1715.
An -- coming up this hour Imus is -- -- Jake Tapper of ABC news.
Imus in the morning continues right now on Fox Business giving you the power to prosper.
