Reuters - Video

Edition: US | UK | IN | CN | JP

Finance Videos

U.S. Morning Call: Germany woes send EU shares, U.S. futures down

Monday, September 24, 2012 - 02:30

Sep 24 - German business sentiment dropped for a fifth straight month in September to its lowest level since early 2010, raising fears of recession.

▲ Hide Transcript

View Transcript

The German Economy losing steam and will fight Foxconn punch -- apple let's kick off your morning call for Monday. US stock futures point to a lower open this morning if you're wondering why it just turn to Europe. One of its most robust economies Germany showing weakness. The country's business sentiment or EF index dropped for a fifth consecutive month in September to its lowest level since early 2010. The news sending European stocks into a spiral this morning. Economists fear that -- gold bond buying plan laid out by the ECB is no economic elixir. The Euro also reacting negatively to the data. Some stocks to watch this morning an hour -- housing a profit for the third quarter with orders for -- problems jumping 44%. The results follow a similarly strong report from KB home -- indicate that the housing market is gaining traction. Next up caterpillar equipment maker -- likely to forecast hired 2013 profit and comment on slowing growth in China an analyst meeting today. Also check out Bank of America this morning Scott carrying over pressure from Friday when Merrill Lynch sustain a loss of nearly ten million dollars. Due to a quote operational error that's according to the Wall Street Journal. Taiwan's Foxconn smack in a brawl involving 2000 workers. The company says it will be closing down its plant in northern China after a personal dispute ended forty workers in the hospital. Shares of parent company hon -- industries falling over percent today on the Taiwan stock exchange. A source tells Reuters the plant also makes parts and assembled Apple's iPhone 5 shares of apple trading down at 695 in the premarket. Boeing not getting the same suite subsidies anymore. The US said this morning had complied with the WTO's ruling to stop providing unfair aid to Boeing. The -- subsidies were discovered back in March. The EU is now examining the noticed that compliance unit for tat exchange following an earlier ruling against European support Airbus. Boeing probably wishing it was still getting a little extra help and BA systems and that's your morning copper Monday follow us on Twitter at Reuters Insider for the latest headlines and check out our orders YouTube channel. At Reuters dot com slash Reuters TV. I'm Lisa -- this is writers.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

U.S. Morning Call: Germany woes send EU shares, U.S. futures down

Monday, September 24, 2012 - 02:30