10 Things You Need To Know This Morning

Good morning. Here's what you need to know.

  • Asian markets were higher in overnight trading, with the Japanese Nikkei advancing 3.7 percent, the Shanghai Composite up 0.1 percent, and the Hang Seng up 0.5 percent. European markets are in the red with the exception of the FTSE in London, up 0.5 percent. In the United States, futures point to a positive open.
  • News yesterday that Bank of Japan Governor Masaaki Shirakawa would step down on March 19 – three weeks before his term is scheduled to end – helped to propel the Nikkei 3.7 percent higher today. Investors anticipate a radical shift in monetary policy under the new leadership of the central bank.
  • Australian retail sales declined another 0.2 percent in December on broad-based weakness against economists' estimates of a 0.3 percent rise. The third month of contraction marks the longest stretch of decline in 13 years.
  • German factory orders rose 0.8 percent in December, slightly ahead of estimates of a 0.7 percent advance. Orders from the euro area surged 7 percent in December while domestic sales registered a 1.2 percent contraction.
  • Chipotle reported fourth-quarter earnings right in line with estimates after the closing bell, but the company had pre-announced the results in mid-January. However, the company issued less-than-stellar guidance, saying it expects "f lat to low single digit comparable restaurant sales excluding additional menu price increases" in 2013.
  • Disney reported fourth-quarter earnings and revenues slightly above analysts' estimates after the closing bell. CEO Bob Iger said ABC and ESPN were affected by soft ratings in Q4 but have since bounced back. The company, which acquired rights to the Star Wars franchise in the fourth quarter, announced it plans to release spin-off films in addition to the sequels it has planned.
  • NASDAQ is in talks with the SEC regarding a $5 million settlement over the botched Facebook IPO. NASDAQ has also offered to pay out $62 million to investors who were affected and lost money on Facebook IPO trades.
  • In its suit against credit rating agency S&P, the U.S. Department of Justice wants the company to pay $5 billion in damages for improperly rating mortgage bonds before the financial crisis. $5 billion is roughly equivalent to S&P's cumulative earnings over the last seven years.
  • International cable provider Liberty Global announced a deal to acquire number-two British cable provider Virgin Media for $16 billion in cash and stock. The acquisition will strengthen Liberty Global's foothold in the U.K. market and establish a formidable competitor to Rupert Murdoch's News Corp.
  • There are no economic data releases out in the United States today. The calendar resumes Thursday with the release of weekly jobless claims figures at 8:30 AM ET. Follow all of the market news throughout the day LIVE on Business Insider >
  • BONUS: Elizabeth Banks was filmed riding a bike for her new movie Walk of Shame.


More From Business Insider

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
  • Shell: Fire forces closure of key oil pipeline in Nigeria Associated Press - 6 minutes ago

    A fire has forced the closure of a key oil pipeline in Nigeria, Shell said Tuesday, amid ongoing challenges including militant attacks that are losing oil multinationals billions of dollars in what used ... … More »

  • Germany blocks WhatsApp data transfers to Facebook AFP - 7 minutes ago

    German data protection authorities on Tuesday said they had blocked Facebook from collecting subscriber data from its subsidiary WhatsApp, citing privacy concerns. Facebook and WhatsApp promised in the ... … More »

  • Ride-hailing company Careem says profitability in sight Reuters - 8 minutes ago

    Ride-hailing service Careem is targeting profitability next year or in 2018 and is in talks with potential investors about its latest fundraising plans, co-founder Mudassir Sheikha told Reuters on Tuesday. The company, which has a larger market … More »

  • Tok Belagak arrested over gold investment scam New Straits Times - 17 minutes ago

    KUALA LUMPUR: Police yesterday arrested the chairman of a gold trading company for allegedly scamming an investor of more than RM80,000 in 2014. Kajang district police chief Assistant Commissioner Othman Nanyan said the 51-year-old man, known by … More »

  • U.S. stocks firm after debate but oil a drag
    U.S. stocks firm after debate but oil a drag Reuters - 19 minutes ago

    By Richard Leong NEW YORK (Reuters) - U.S. stock prices rose on Tuesday following the presidential debate between Hillary Clinton and Donald Trump, but losses in the oil market and anxiety about the fortune ... … More »

  • How a Part-Time Actor Got Lead Role at $2.6 Billion Stock Fund Bloomberg - 31 minutes ago

    Sawakami saw a spark and later offered him a job. “He’s a rascal,” Sawakami said in an interview, using an affectionate Japanese term that parents reserve for headstrong children. Kusakari is a rare example of a person in Japan who diverged from a … More »

  • Iran dims hopes for deal on output freeze this week
    Iran dims hopes for deal on output freeze this week Associated Press - 41 minutes ago

    Iran played down hopes Tuesday that a deal to limit oil production will emerge this week in a meeting in Algeria, prompting big falls in oil prices. Speaking in Algiers at a meeting of oil producing countries, ... … More »

  • Swiss lawmakers approve step towards burqa ban
    Swiss lawmakers approve step towards burqa ban AFP News - 43 minutes ago

    Switzerland's lower house on Tuesday narrowly approved a draft bill on a nationwide burqa ban, the ATS news agency reported, but the measure remains far from coming into force. The proposal by lawmaker Walter Wobmann of the populist right-wing … More »

  • Facebook to appeal German order on WhatsApp data
    Facebook to appeal German order on WhatsApp data Reuters - 46 minutes ago

    Facebook (FB.O) said it would appeal against an order by a German privacy regulator on Tuesday to stop collecting and storing data of German users of its messaging app WhatsApp and to delete all data that has already been forwarded to it. The … More »

  • Samsung recovers around 60 percent of recalled Note 7s in South Korea, U.S., Europe
    Samsung recovers around 60 percent of recalled Note 7s in South Korea, U.S., Europe Reuters - 49 minutes ago

    Samsung Electronics Co said on Tuesday it has got back around 60 percent of recalled Galaxy Note 7 smartphones sold in South Korea, the United States and Europe, suggesting it is making progress in its attempts to recover from the crisis. In a … More »

  • Saudis, Iran dash hopes for OPEC oil deal in Algeria
    Saudis, Iran dash hopes for OPEC oil deal in Algeria Reuters - 50 minutes ago

    Saudi Arabia and Iran on Tuesday dashed hopes that OPEC oil producers could clinch an output-limiting deal in Algeria this week as sources said the group and non-member Russia were still trying to bridge differences between the kingdom and Tehran. … More »

  • Putin praises farmers for Russia's strong grain harvest
    Putin praises farmers for Russia's strong grain harvest Associated Press - 53 minutes ago

    President Vladimir Putin has praised farmers for making Russia's grain harvest this year the highest in post-Soviet times. Agriculture Minister Alexander Tkachev reported to Putin on Tuesday that this ... … More »

  • Grain mixed, livestock mixed Associated Press - 53 minutes ago

    Grain futures were mixed Tuesday in early trading on the Chicago Board of Trade. Wheat for December delivery was .25 cent lower at $3.9560 a bushel; December corn was .50 cent higher at $3.2960 bushel; ... … More »

  • Telefonica aims to list mobile firm O2 in London this year - sources
    Telefonica aims to list mobile firm O2 in London this year - sources Reuters - 53 minutes ago

    Spain's Telefonica (TEF.MC) is looking to list about 30 percent of its British mobile unit O2 in what would be one of the biggest initial public offerings (IPOs) on the London market this year, sources told Reuters. Europe's biggest telecom group … More »

  • Turkey sacks 87 spy agency staff over failed coup
    Turkey sacks 87 spy agency staff over failed coup AFP News - 54 minutes ago

    Turkey has dismissed 87 staff from its spy agency over alleged links to the failed July 15 coup, state media said Tuesday, in the first purge of one of the country's most powerful institutions. The National Intelligence Organisation (MIT) has … More »

  • One of the world’s biggest venture capital companies has shut down its Israeli fund
    One of the world’s biggest venture capital companies has shut down its Israeli fund Business Insider - 56 minutes ago

    REUTER/ Nir Elias Tel Aviv. Sequoia, a multibillion-dollar … Continued The post One of the world’s biggest venture capital companies has shut down its Israeli fund appeared first on Business Insider. … More »

  • US stocks open higher, led by tech and consumer companies
    US stocks open higher, led by tech and consumer companies Associated Press - 1 hour 4 minutes ago

    U.S. stocks are rising in Tuesday morning trading as technology and consumer companies move higher. Energy companies are falling as the price of oil returns some of Monday's gains. Bond prices continue ... … More »

  • Michigan inmates get job training in 'vocational village'
    Michigan inmates get job training in 'vocational village' Associated Press - 1 hour 5 minutes ago

    Few states have been more aggressive in releasing inmates and diverting offenders than Michigan, where a decade ago, one out of every 200 people was in prison, and penal costs were beginning to crowd out ... … More »

  • Clinton-fuelled stocks rally slips on oil
    Clinton-fuelled stocks rally slips on oil AFP News - 1 hour 5 minutes ago

    A stocks rally triggered by Hillary Clinton's upbeat performance in the first US presidential debate over Republican rival Donald Trump slid away Tuesday on a dim outlook for an oil deal. The London stock market shed 0.7 percent, Frankfurt was down … More »

  • 21 objects that are perfectly designed and can’t be improved any further
    21 objects that are perfectly designed and can’t be improved any further Business Insider - 1 hour 14 minutes ago

    Skye Gould/Tech Insider Some things are so timeless, recognizable, … Continued The post 21 objects that are perfectly designed and can’t be improved any further appeared first on Business Insider. … More »

  • US stocks rise on strong consumer confidence data AFP - 1 hour 15 minutes ago

    A report showing strong consumer confidence in September helped boost US stocks into positive territory early Tuesday, overcoming initial weakness on lower oil prices. US consumer confidence jumped to ... … More »

  • Deutsche Boerse Asia plans sidelined by LSE merger effort
    Deutsche Boerse Asia plans sidelined by LSE merger effort Reuters - 1 hour 20 minutes ago

    Deutsche Boerse's (DB1Gn.DE) expansion plans in Asia have been moved to a side track as the German exchange operator focuses on its $27 billion merger with the London Stock Exchange (LSE.L), three sources familiar with the situation said. China's … More »

  • Chinese coal accident 'kills 12, traps 8'
    Chinese coal accident 'kills 12, traps 8' AFP News - 1 hour 21 minutes ago

    The mine was operated by Linli Coal Mining company in the city of Shizuishan, the official Xinhua news agency reported. In a report late Tuesday it said 12 bodies had been recovered from the mineshaft, with eight people still trapped. … More »

  • Wall Street propped up by tech stocks
    Wall Street propped up by tech stocks Reuters - 1 hour 27 minutes ago

    Wall Street was higher for the first time in three days on Tuesday as a rise in technology stocks helped offset losses in energy shares. Google parent Alphabet rose 0.7 percent after JPMorgan raised its price target on the stock, driving the S&P … More »

  • Ask Brianna: Will I ever be able to afford a house?
    Ask Brianna: Will I ever be able to afford a house? Associated Press - 1 hour 28 minutes ago

    "Ask Brianna" is a Q&A column from NerdWallet for 20-somethings or anyone else starting out. I'm here to help you manage your money, find a job and pay off student loans — all the real-world ... … More »

 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.141+0.003+2.17%
    N21.SI
    3.99+0.03+0.76%
    Z74.SI
    0.155+0.003+1.97%
    AFC.SI
    0.740.000.00%
    BS6.SI
    0.275+0.010+3.77%
    5ME.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.133+0.020+17.70%
    5PF.SI
    0.19+0.03+15.85%
    AWI.SI
    1.48+0.16+12.12%
    S91.SI
    0.198+0.020+11.24%
    M14.SI
    0.60+0.05+9.09%
    AZA.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.255-0.110-30.14%
    AZT.SI
    0.56-0.18-24.32%
    5VJ.SI
    0.395-0.070-15.05%
    K1Q.SI
    0.162-0.028-14.74%
    BGO.SI
    0.122-0.020-14.08%
    569.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3612+0.001+0.07%
    USDSGD=X
    1.5242-0.0061-0.40%
    EURSGD=X
    1.7694+0.0066+0.37%
    GBPSGD=X
    73.8160+0.092+0.12%
    SGDJPY=X
    5.6951-0.0042-0.07%
    SGDHKD=X
    3.0331-0.0011-0.04%
    SGDMYR=X
    9,516.6582-62.1641-0.65%
    SGDIDR=X
    4.8985-0.0033-0.07%
    SGDCNY=X
    1.0420+0.0034+0.33%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,329.90-14.20-1.06%
    GCZ16.CMX
    19.27-0.32-1.64%
    SIZ16.CMX
    92.04-2.41-2.55%
    ^XAU
    2.17-0.03-1.32%
    HGZ16.CMX
    43.85+0.41+0.94%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.12-0.01
    ^FVX
    1.56-0.03
    ^TNX
    2.29-0.04
    ^TYX