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U.S. Markets Closed for Presidents Day

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    FBN’s Dagen McDowell breaks down the stories moving the markets around the world.

  • Duration 5:38
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To the market -- markets open today on this mattress -- -- In Asia mixed -- as you can -- Nikkei and -- -- Hang -- in Shanghai down meanwhile in Europe.

They now lower volume today with the US markets are closed for the day the -- and I attack Iran down slightly but the attacks of Frankfurt.

Up just slightly -- -- commodities yep we've seen oil moving ever so slightly you know at 9569.

A gallon gold.

Still high at 1612 hopefully outs.

And for more on the European market -- go live to -- -- joined by Jane Foley senior currency strategist for rob a bank.

-- how much can we -- the moves over there given the fact that the US is closed right here.

-- -- movement today as you say it's very very quiet here in London today with the US sick days in the close February in itself it's been very -- a ten month for the markets we have enough of at least gone on the offensive at risk appetite and the idea part of the answer is doing February and that has take -- off of that have been more of a a consultative -- a correction -- in some markets team.

We had comments from the it economy minister Bill Russell -- in germinate that Germany's recovery hinges on the stability -- stabilization.

Of the entire Euro -- that you still nonetheless see.

The -- of of being the sole Gainer there in Europe today how much can we read into those comments.

Again I I think -- -- -- will be add to what we've seen this year is certain yet -- A stabilization.

Conceptions about way he -- -- the minute you mean it's it's heading.

And that is good for the rest of the system of course with that the more confident -- about monetary union -- has come.

A stronger yen and that is of course at the detriment of exports to of the European countries in -- closed at Gemini you could -- like he was right well positioned.

And the export market so that's likely to do it less damage arguably than -- less competitive countries.

Say red Gemini it's his -- the united -- that recovery is on track.

But of course political stability is of course as they finance minister said very key.

-- thank you so much staying folly and London ports -- saying thank you.

-- I while for a closer look at the Asian markets we'd go once again to Heidi -- and business reporter for cctv good morning to you Heidi -- when we we expected Japan to be in the spotlight that the G-20 in Russia.

And really they didn't even get a slap on the wrist so today we see the Nikkei moving up and again continuing to move down.

Yeah that's right -- -- Japanese invested that's taking a break at.

Breather today at about five LA after the G-20 had the -- ten.

The -- -- to but policy makers refrained from -- in Japan.

I think I can manipulate it -- about the weakening yen it was seeing at the past few weeks the end didn't weaken again today in the solo at the -- -- -- just I was so that -- three months.

Rally for the new -- -- out buyouts.

Cheapest -- -- China -- -- I can't -- his head back to web site down half a percent to -- need to -- is leading losses up to Stipe and company you're trying to cut down on the offensive spending budgets.

I ever in Hong Kong's Hang -- attracted negative feelings she Lebanon lands back at this stay back at trading today its infancy though less sick -- related to what the Chinese economy -- -- a person's diet but closely looking at that huge hot -- isn't coming up.

In knots Ashley and Heidi quickly we saw in Australia -- strong day for the SX.

Yeah I look at the not to have been on enough -- caraway that -- you might -- really high thing.

I brought plus -- the past few weeks in its economic outlook is saying that it could be some pressure to be outside -- the next few weeks.

A movie seeing I had obviate -- will get interest rates as well -- -- -- about things he would banks seek guidance Katz going -- -- the next month -- act.

Very good Heidi -- life in Beijing Heidi thank you for joining us.

And that we go over to -- -- that's more business headlines for us hi -- had noticed here.

The company and I know it's hard part to report -- very bigger than we do have some good news at least.

According to Goldman Sachs chief US economist -- -- -- he says downside economic risks have actually diminished.

In a note sent -- bank clients yesterday -- -- says.

US economy will grow slowly this year as tax increases and government spending cuts.

Offset private sector improvement but.

He says there will be substantial acceleration next year's fiscal policy -- weren't neutral at it's also says downside fiscal risks have diminished -- congressional Republicans have quote.

Given up on the idea of using the debt ceiling could force additional spending cuts.

Meanwhile the price of filling up is going up triple -- says the average price for a gallon of regular gasoline has risen.

-- 32 days straight taking -- 13% jump.

To three dollars 73 cents oil analyst playing the increase on rising oil prices along with.

Production cuts and refinery closings but they say the -- is happening a little earlier every year.

Prices traditionally had higher in late march -- early may one analyst at the national average could top four dollars a gallon come the spring.

And -- favorite story BMW with -- calling in the 570000.

Cars in the US and Canada to fix a problem.

That can cause the engine stall the automaker says it will replace the battery cable connector.

Is three series sedans wagons convertibles and -- And the 2007.

Through 2011 model years the recall also affects one series coupes and convertibles from 20082012.

And the -- -- sports car.

From 2009 for two point eleven BMW says it knows of one minor collision -- -- -- the problems but no injuries act I don't think any of --

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