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Global Stocks Down Ahead of German Court Decision

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  • Description

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

  • Duration 3:44
  • Date

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This is this -- for the morning.

On the -- Good morning everyone let's take a look at the markets here in the US futures have been in the green across the board on morning Dow futures are now up by 32 the S&P -- up by three -- nasdaq's up about five.

Meanwhile investors in Europe are still cautious as they await tomorrow's German court decision.

On the region's permanent rescue funds stocks there are down across the board.

With London down by 23 Paris -- about fifteen in Frankfurt's down by six.

Let's take a closer look now what's moving those markets -- Randolph -- -- global insight in London.

-- on Spain's prime minister Mariano Rajoy says the government hasn't made a decision on requesting a bail out but he says it does no one except outside conditions tied to a -- out.

An ECB says its new bond buying program will come with conditions and -- -- playing out.

If there's someone.

Oracle suspect has come -- home.

Other short span precisely in anticipation.

But -- would be using this ECB.

-- mine plan.

But -- they might creep up again I mean I think the -- situation.

Is gonna get well us in times of recession prolonged recession.

Other difficulty in meeting the fiscal.

President fiscal -- And I think they'll come under increasing pressure to -- the SN I mean that's the idea -- was the -- bank -- the isn't I think they would eventually.

-- it will be under the guise of a memorandum of understanding it whether it be -- -- -- expand out.

It'll be a gentleman's agreement.

Like over sites.

But they would eventually -- the years them in order to cement those that are borrowing costs coming with the ECB.

In probability -- and.

-- -- what bargaining chip to Spain -- hear what what -- -- -- asked for money and then say it doesn't want conditions attached.

It is.

As large as Greece Ireland political put together its.

1112%.

Of -- -- GDP.

It is an important member it's it's good because the economy but potentially would -- for help.

Two decades.

-- 888 carries a lot more weight it has more significance than international markets that -- the other sort of vol.

But didn't today the northern Europeans and the ECB -- building a a stronger Euro -- to.

It will take several years but they're building it.

It means that all countries would have to subject themselves Morton.

European rules.

And so -- -- colossal sovereign table common anyway.

And so.

-- -- must decide now whether to accept these do you rules.

I'm bite the bullet and accept that note colossal sums it also means.

A stronger Europe -- oversight.

All right that's down ran up from my HS global insight in London thanked him.

Deutsche Bank -- unveiled a crash diet to survive -- -- less profitable investment banking World Bank says it will take.

If five point one billion dollar restructuring charge and move 125 billion euros worth of risky assets into a non -- yet.

The banks also affirming a longstanding commitment to universal banking model and will create a fourth business unit involving integrated asset and wealth management.

Deutsche Bank is also putting forty properties up for sale.

Let's take a look at commodities right now we're seeing oil and gold are mixed at the moment oil is down by that two cents.

The gold is up by a dollar -- fifty.

Imus in the morning will continue after this.

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