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S&P Downgrades Spain’s Credit Rating

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  • Description

    FBN’s Diane Macedo breaks down the European and Asian markets.

  • Duration 1:53
  • Date

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Good morning everyone it's time for a global market update let's start things off with Europe -- could be downgraded Spain's triple B minus one level above junk status.

With a negative outlook citing increasing economic and political risks there also Italy sold three point 75 billion euros worth of three year bonds.

At a yield of two point 86% that's higher than the two point 75% -- -- last month auction but stocks in Europe are in the green.

London's up by about 23 paris' up and up fifteen and Frankfurt's.

4748.

There.

Here in the US -- seeing green arrows across the board as well Dow futures are up by forty yesterday's up about six than nasdaq's up almost twelve.

Being on Asian markets ended the day mostly lower.

Fox Business contributor -- sergeant is on the phone with us from Singapore now to give us all the details on why hi -- Hi good morning Dan it was that negative news from Europe and certainly United States as well that pulled -- down today as the specifically Spain's credit downgrade and alcoholic forecast that weaker demand.

Japan's Nikkei could -- five falling again today -- Immediate inspections that it has -- -- low today Toyota was off one point 4% after it announced a worldwide.

Recall of more than seven million vehicles.

Have to fix the faulty power window where it I'll let -- copy continue to block that is well down eight and the present to a one month closing low.

Hong Kong posted a gain of what does that -- -- on rank among Chinese bank and infrastructure related here.

But the Shanghai composite lost eight and president and of the economic and I'm coming out over the next week -- that I am.

All right that's -- sergeant live from Singapore thanks -- Let's take a look at commodities now we're seeing oil and -- let the markets to the upside -- up about forty cents from 91 dollars a barrel gold up four bucks.

At 1769.

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