Good morning. Here's what you need to know.
- Shares were mixed in overnight trading in Asia, with Japan's Nikkei off 0.8 percent. Major equity exchanges are closed in the U.S. and Europe for Good Friday.
- Nonfarm payrolls in the U.S. expanded by 120,000 new positions in March, missing Wall Street expectations for an increase of 200,000. The unemployment rate declined 10 basis points to 8.2 percent.
- Japan's leading index increased 210 basis points to 96.6, beating expectations. The country's coincident indicator also improved, to 93.7. Here's the meal that's boosting one Japanese company >
- France's trade balance widened in February to €6.4 billion. Separately, the Government's budget balance jumped to -€24.2 billion, up from -€12.5 billion in January.
- Facebook will list its shares on the Nasdaq, The New York Times Evelyn Rusli broke yesterday. The decision serves as an endorsement for the exchange, which has been in a heated battle with the NYSE over up and coming tech IPOs. Check out this perfect chart of the NYSE and Nasdaq share prices following the announcement.
- HTC announced first quarter profit fell 70 percent to $151 million, the biggest decline since it listed as a publicly traded company. HTC said it "dropped the ball" on product development during the fourth quarter and was hit by greater competition from Samsung and Apple.
- Samsung beat first quarter earnings estimates this morning, with operating profit hitting a quarterly record $5.1 billion. The company said sales were driven by its mobile phone and television divisions.
- Yahoo announced its chief product officer John Irving will leave the firm after the company laid off some 2,000 employees. Irving was hired from Microsoft two years ago. Yahoo, what are you thinking suing Facebook?
- Bond traders in London have been riled recently by a large, deep-pocketed trader dubbed the London Whale, the Wall Street Journal's Gregory Zuckerman and Katy Burne report. According to the Journal, the man is J.P. Morgan's Bruno Michel Iksil, a trader who has taken strong positions in credit default swaps
- Bully, a documentary that follows five teens in high school, removed the number of expletives in the film to win a PG-13 rating from the MPAA. Earlier, the Weinstein Company had left the movie without a rating because it would have received an R rating.
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