Here's what you need to know.
- Asian markets were mostly up in overnight trading, with Nikkei
rising 1.1 percent, after the lower house of parliament approved Haruhiko
Kuroda for the Bank of Japan governor position. Europe is rallying
and U.S. futures are modestly higher.
- Initial jobless claims and the February producer price index are out at 8:30
a.m. ET. Consensus is for initial claims to rise to 350K, and for PPI to
rise 0.6 percent month-over-month.
- In its latest monetary policy announcement, The Swiss National Bank
said it would take whatever means necessary to keep the Swiss franc in the 1.20 per euro
range. It also expects inflation to fall 0.2 percent
this year.
- Australian companies created 71,500 jobs in
February, beating forecasts for 10,000 jobs. The unemployment rate
stayed at 5.4 percent. This was the biggest gain in payrolls since July 2000.
- Apple's head of marketing, Phil Schiller, attacked Google's Android operating
system, calling it "fragmented", in an interview with The WSJ. He
said four times as many Android users have switched to iPhones. This comes as
Samsung prepares to release its new Galaxy S4 phone today.
- Blackberry has received a record one million
"single-purchase order" for the Blackberry 10 smartphone, though
the company didn't reveal who made the order. The smartphone will begin sales in
the U.S. this month.
- China has announced its top leadership positions. Xi
Jinping who was named general secretary of the Communist Party in November, was elected president of China. Li Yuanchao was elected vice president and Zhang Dejiang was elected chairman of the
Politburo Standing Committee.
- Greek unemployment hit an all-time high of 26
percent at the end of 2012, up
from 20.7 percent the previous year. Youth unemployment was up to 57.8
percent.
- The Indian wholesale price index was up 6.84
percent year-over-year in February, compared with 6.62 percent the
previous month. Rising inflation gives the Indian central bank room to cut
interest rates next week.
- European
leaders are meeting in Brussels today as the two-day European
Summit begins. Officials will be meeting to discuss the impact of austerity
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