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FBN’s Diane Macedo breaks down the stories moving the markets around the world.
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-- program on the -- there's.
-- -- relentless testing some of the last look at the markets here in the US futures.
Are in the red across the board Dow futures are down to one EDS and Markus there are also in the red but bank stocks are up on the back the regulatory decision to -- new liquidity rules for the sector.
Still we have London down about when he thing goes for Paris and Frankfurt down about 44 -- -- a closer look though -- what's moving those markets.
With -- -- market analysts that I G in London Chris Silvia Berlusconi's party in the Northern League have announced they'll run as a coalition -- -- vote what does this mean for Berlusconi shot.
Add another term as prime minister.
It.
I -- does increase his chances of securing some sort of win in elections camp this year what I know whether -- taught -- school opt for him once again still remains to be seen given a tax.
Sometime a stable government on the Mira Monte.
And -- -- six research institute says European investor conference confidence.
Increased for a fifth straight month in January as signs that the debt crisis there.
Is getting better now is -- a temporary bump or is is a trend we can bank on going forward.
Well has been a case the present crisis has been not caught so -- -- -- Spain Greece Italy or off the radar to some extent.
So it's a reflection really also sort of quiescent nature of the crisis.
I'm fetus will continue and given the movies and making it does seem to -- -- for sort of perhaps a few moments and improving confidence from investors.
And I would certainly helps -- Crist beats him that IG in London thanks Chris.
An earnings season kicks off this week when Alcoa reports its fourth quarter results after tomorrow's closing bell.
The aluminum giant is expected to report a profit of six cents a share on revenue of five point six billion dollars.
Investors will look at Alcoa's numbers for hints about the health and overall direction of the economy is well.
Now Monsanto.
We'll also report its results tomorrow and Wednesday will get earnings from Ruby Tuesday and Constellation Brands.
And then come Friday Wells Fargo -- wrap up the week with its results.
US officials may announces settlement as early as today -- over alleged foreclosure abuse at fourteen major banks.
Nearly four billion of the ten billion dollar settlement.
Will reportedly be sent directly to people who lost their homes from 20092010.
The rest of the money will go to those currently facing foreclosure the fourteen banks involved in the settlement include JPMorgan chase Bank of America and Citigroup.
That's our reserve had threatened to block the settlement over its demand for an additional 300 million dollars from the banks but later back down.
Goldman Sachs meanwhile -- chief economist -- in US economist says parts of the fiscal cliff Steele have dimming effects.
On the economy in the coming months in a note to clients yesterday down -- he is says the expiration of the payroll tax cut and tax hikes.
On higher earners will likely weigh heavily on disposable income which he says -- -- consumer spending.
Nazis added quote our baseline is that consumers will -- not break.
But the hit to disposable income of around 200 billion dollars as large enough that worse outcomes are definitely possible.
And the world's top banking regulators have agreed on rules aimed at ensuring that banks can weather future market crises but they delayed their full implementation.
Until -- nineteen about the committee on banking supervision says the banks must have enough cash and easily sold assets on hand to hold them over during a thirty day crisis.
The banks will have to hold 60% of that amount.
When the -- -- being -- didn't point fifteen and the amount of an increase by 10% every year until 2019.
At the end of -- eleven the committee headed by Bank of England Governor Mervyn King estimated that fewer than half of the world's top 200 banks.
Were set to comply with the rule -- that they would need to come up with in total.
But 2.3 five trillion dollars to do so.
JPMorgan is being sued for the third time by the US credit union regulator alleging misrepresentations.
In underwriting mortgage securities sold to credit union.
-- collapsed due to MBS losses.
The National Credit Union Administration is suing JPMorgan in Washington Mutual.
For 2.2 billion dollars last month to the bank for three point six billion in securities sold by Bear Stearns.
JPMorgan -- Washington Mutual's assets it acquired Bear Stearns during the financial crisis.
The third suit filed in June 2011 over one point four billion in securities JPMorgan underwrote and sold.
Is still pending.
Cerberus and Supervalu -- close to a deal in which the private equity firm and its partners will buy some parts of the grocer and take a stake in others.
Shares Supervalu jumped 14% on Friday after the Wall Street Journal reported a deal with servers was near.
Supervalu the parent company to chains like -- in new England and -- Moscow in Chicago.
Put itself up for sale this past summer amid growing losses in discounts to customers.
That didn't drive up sales Supervalu has struggled to improve its business while carrying a large amount of debt.
Imus in the morning continues right now on Fox Business giving you the power to prosper.
