Fox Business
Expand
Browse All Video
Watch Live

You're watching...

European Markets Flat Tuesday

Details

  • Description

    IG Market Analyst Christopher Beauchamp on impact of austerity across Europe.

  • Duration 2:36
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Checking the markets now here in the US futures are down across the board Dow futures are down 26 yes and he's -- two and a half the nasdaq's down five.

In Europe manufacturing numbers out of the UK for January -- declines it out but.

As well as industrial production -- where increases were forecast.

-- is there are mixed really flatly cut London exactly -- -- -- to about three points Frankfurt's down on even one.

-- a closer look though at what's moving European markets with Chris -- Market analyst -- IG in London Chris we keep hearing is debate growth -- austerity in Europe's top economic official Ali -- defended himself against the accusation.

That EU deficit cutting policies are driving southern European countries into a downward spiral.

And that the EU should instead stimulate economic presently set visited doesn't understand where -- -- this stimulus money could have come from many call that the people at your clever than me.

And you can suggest alternative ways of getting credit flowing into Europe by all means suggest them -- -- -- hasn't heard anything so far.

What's your take on this whole debate and and and his take on it.

It has -- in the case I think that we think thoughts in my -- austerity the Southern Europe these economies are locked into a dangerous downward spiral of austerity and a shrinking economy in -- in no way out -- we need to see some sort of boost from the ECB or from -- government ignored European governments to really get these economies moving else we face more the same thing Europe -- no -- out the process.

The Christian you don't get their debt under control how do you get their credit -- enough for people want to lend to them and to get that money flowing -- What exactly is the conundrum Europe faces but that if the economy continues to strengthen their tax revenues continue to decrease and that debt payments remain high so really means of violence -- -- and that's -- need to see a fiscal transfers from the -- policy and if we ought to receive life moved back into the sudden European -- -- -- -- -- -- -- -- -- In Germany specially that new -- Europe -- to imagine this week well.

And Chris says shifting gears over to France embattled president fronts while -- is attempting to reverse his -- decline in popularity.

With the road trip around the country but no French leader.

Has never managed to climb in the popularity -- my job in this list and joblessness is rising.

The way it is they are now -- should be focusing less son travels and more on jobs and hours as the -- ago.

I think they'd like it is -- needs to focus more on the French economy -- the second strongest kind of the eurozone.

Is frauds in the weakness for them unemployment above 10% moment trustee's fund -- -- labor laws.

Find more flexible ways estimates economy through new job creation domestic keep thinking -- -- -- summer goddess all of -- local parity.

All right that's Chris beat him over -- -- we appreciate it Chris thanks.

Thanks and.

Load More