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This is this Imus in the morning.
On the phone -- Morning everyone Federal Reserve policy -- wrap up a closely watched two day meeting today as investors wait for clues related to the Fed's plans.
For -- stimulus program.
The Central Bank has been buying 85 billion dollars worth of -- every month and chairman Ben Bernanke is expected to announce that it will continue that effort.
But -- trim it later this year if the labor market continues to improve stay with fox business for live coverage of the Fed announcement 2 PM eastern.
And chairman Bernanke's news conference thirty minutes later.
In the meantime let's take a look at the markets here in the US we are watching futures after an update for markets in yesterday's session we do have green arrows across the board this morning.
Dow futures are up 23.
Yes MPs have three points the nasdaq's up nine and a half.
In your ads -- they -- -- -- bouncing around after some initial losses London's up almost four points -- up about three Frankfurt's up.
Almost fifty but for more on those European markets -- the live from London.
We're joined by Alastair -- market analyst for IG after that particular groups -- sectors that are sticking out.
To you this morning in the markets this.
Yeah I think when we look at the equity markets we got to realize that the equity volumes this week of being very -- actually for the last month foes say they've been pretty thin but this week specifically.
They've been very thin 10% less than last week and the week before -- But we're not surprised that we've seen a bit of factual penis and volatility certainly ahead -- these pretty important set figures out tonight's as far as set.
Europe is concerned as far as sectors.
This being across posse a review of the a banking sector done here in the UK.
A pretty scathing for a number of different areas not just the banks themselves but it's I oversight committees and likes as well.
A lot of recommendations being make none of these can be put -- -- but I would say that idea the milieu towards the banks here in the U case is pretty airport.
So -- got a pretty good chance of converting some of these into some sort of powers.
Never -- of the banking -- has been a pretty choppy this morning.
Announcer what type of market reaction do you expect from this fed announcement if it goes as planned or as expected -- What will be it be a positive thing when we can stop holding our breath which we've done all week so far and arguably for the last month as far as these tickets can set we obviously so quite a reaction after the 22 last month.
When the Fed Chairman lost -- I think we're we're probably going to see the -- his woods will be scrutinized pretty closely to -- to gain any sort of insights as to exactly.
Time -- as -- when that the content to be seen prices might begin to two be wound down.
Markets are pretty nervous about that but having said that we've had said the best part of a few weeks now to to get our heads around the idea that he may well say something on that sort of -- -- -- you know I I think we should be able to take -- -- strike.
They'll be some nervous reactions like that and in the instance aftermath but it's hopefully.
In the ensuing weeks afterwards we should be able to settle ourselves down a little bit and I.
Alastair -- go -- and I do we appreciate us -- thanks.
It's -- here likewise.
And President Obama -- Berlin Germany this morning where he will appear at two events first tell me with German Chancellor Angela Merkel are the -- will hold a joint news conference.
Then he'll go -- to speak at the Brandenburg Gate where the Berlin Wall once separated east from west Berlin.
In that address the president is expected to make the case.
For new phase in nuclear weapons reduction saying that the US and Russia can significantly reduce their arsenals beyond the cuts mandated.
In the twenty tension -- Dick arms reduction treaty.
Meanwhile this network is giving up on buying sprint the satellite company decided against making a new offer for the number three wireless provider.
By yesterday's deadline saying it will instead focus on its tender offer for Clearwire.
That decision should be good news for Japan's Softbank which is also trying to -- sprint and has been in a bidding war with -- since April.
Dish said in his statement that it was not practical to make a new offer but that it continues to seek strategic value in a merger with sprint.
South bank's current -- ten -- 21 point six billion dollars shares of Alcatel Lucent are higher in premarket trading after the Telecom equipment maker.
Unveiled a plan to return to profitability.
-- -- -- says it will cut one point three billion dollars in costs by 2015.
And focus on its Internet protocol networking products.
The company says it will also devote more research to high speed wireless and fiber optic products sell assets and refinance -- Here's a look at commodities now oil and gold are now both in the green of oil up about fifty cents -- up a little more than a dollar a thirteen 68 announced.
And now here's the IMM live on --
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