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Bank of England Holds Interest Rate at 0.5% in Oct.

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  • Description

    FBN’s Peter Barnes breaks down the stories moving the markets around the world.

  • Duration 5:02
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This is this.

Imus in the morning program on the -- -- Good morning everyone it's -- Check the markets as they wait for interest rate decision from the Bank of England here in the US.

Futures are up across the board Dow futures are up by fifty EDS and the bank of Bateman has kept its interest rate unchanged at half of 1% that is what we were expecting there.

-- -- futures up across the board at that just mentioned in Europe we're also seeing green arrows there London's up by about seven Paris up by about foreign Frankfurt's up.

About five.

Let's shift gears now and talk about the presidential debates because President Obama and former governor Mitt Romney squared off their first debate last night.

With just a month left about a month until the presidential election now this debate focused.

On domestic politics let's so let's check in with Fox Business good.

-- -- who live in Denver to let us know how they did hi Peter.

Rawhide and that's right blow up pundits and pollsters.

On and Democrat including plenty of Democrats giving the win last night to.

Governor Romney as he came out aggressively.

Against President Obama on domestic policy issues including taxes deficit.

Health Care Reform.

And bank and Wall Street regulation take a listen.

Dodd-Frank was.

It includes within it a number provisions that I think has some unintended consequences that are harmful to the economy.

One is it designates a number of banks is too big to fail.

And they're effectively guaranteed by the federal government this is the biggest -- has been given that the New York banks have ever seen.

The question is.

Does anybody out there think that the big problem we had is that.

There was too much oversight and regulation.

Of Wall Street because if you do.

Then the governor Romney is your candidate but.

That's not so I believe that.

But of course this was just round one -- a three around battle here two more president presidential debates to.

To come.

And of course.

We'll be watching.

Diane back to you.

We appreciate that Peter thanks.

Let's take a closer look now at the markets with will head -- market trader at IG markets in London and will.

To interest rate decisions coming out today we already heard and -- BAB kept interest rates and changed.

The ECB is expected to do the same.

But -- more importantly investors are looking to -- -- ECB president Mario Draghi will say in the press conference after their announcement.

What do you expect in the -- anything about the bank's bond buying program in Spain's tactics so far.

In asking for a bailout or not.

-- good morning Diane yeah I think as you mentioned we're always that would -- -- -- the -- -- he's -- -- going to be -- talking about -- And really having that we're gonna hear very lift -- gonna be trying to -- as it is just possible try to give us.

Not too much of an idea of what what it is certainly sepia stating how they getting involved in the markets and just try not to kind of -- things.

In the wrong direction we've seen a lot of pressure.

On the spying act professional means it's like a -- out -- -- for the last few -- of the last week to a site.

And I think that there's no -- -- enjoy continue off the events of last month to really improve things that a -- And it will speaking of the ECB IMF chief Christine the guard is now saying that she thinks this bond buying plan is fundamental to saving euros down and is calling for years and governments to act of fat.

An -- they -- implement in the mechanisms to resolve the crisis.

-- talking directly to Spain here and what do you make of her comments and general.

Yeah I think she is aussies who can just finally we've seen in the policy she's economy ever since funny lens on Europe without really pushing her to halt to -- -- trying to get a -- -- push them one way or the other just.

Putting a little bit of pressure on them in in the direction that she feels the -- I should be heading.

I think you'll be interest in the -- its reaction from from Spain and see that you know we've seen already that they all.

Very on winning to accept the fact that that.

Knowledgeable the market believes is that they need to buy outs I went to pressure from out of people like -- god back.

Helps and -- to -- realize this will be yes and -- will be looking for the next few days now let's.

See that's well had an IG markets thanks -- Thinking that we're getting earnings in now.

Either way the racetrack operators reporting adjusted profit.

Of one cent shy of the eight cent estimate revenue of 115 point nine million dollars also came in short.

The expectation there was for 127.

Point four million.

Taking a look at commodities oil and gold are up -- up by about sixty cents an 8889 dollars a barrel -- of about ten bucks.

At 1789.

And -- Now here's the -- man on Fox Business ready to give you -- Howard across.

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