
Good morning. Here’s what you need to know.
- Asian markets were mixed in overnight trading with the Nikkei up 1.2% on yen weakness. Europe is selling off and U.S. futures are lower.
- UK joblessness climbed by 70,000 to 2.56 million from December through February. The unemployment rate climbed to 7.9%. Meanwhile, average wage growth ex-bonuses fell to 1%, the lowest in over 10 years.
- Bank of America missed when it reported earnings of $0.20 per share, on expectations of $0.23 per share. Adjusted revenue came in at $23.85 billion, above expectations for $23.15 billion. Expects to begin capital plans in the second quarter. Gundlach tells bond bears they’re wrong >
- The Beige Book which contains anecdotal evidence on the economic conditions of local businesses is out at 2 p.m. ET. It is typically published two weeks before the FOMC meeting. Investors watch this report because it influences policy makers and interest rate policy. Follow the release at Business Insider
…….read the other 6 right HERE