+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

10 things you need to know before European markets open

May 15, 2015, 11:31 IST

Good morning! Here's what you need to know in markets today.

Advertisement

British foreign secretary Philip Hammond is seeking a "fast" negotiation over EU powers. Hammond, one of the more eurosceptic members of the cabinet, told the Financial Times that he wanted a speedy resettlement of powers, and that he aimed to back the "Yes" campaign to stay in the EU.

US authorities have voided a rate-rigging settlement with UBS. The US Justice Department has voided a 2012 settlement with UBS related to interest-rate rigging, the Wall Street Journal reported on Thursday. It added that the negotiations were expected next week to result in UBS paying a fine of about $200 million (£126.82 million) and pleading guilty to allegations that UBS traders manipulated Libor, before 2012.

Netflix is in talks to enter the Chinese market. Video streaming company Netflix is in talks with Jack Ma-backed Wasu Media and other potential partners to enter China's booming online video market, Bloomberg reported, citing people familiar with the matter.

US industrial production is coming. At 2:15 p.m. London time (9:15 a.m. New York) the US gets its March industrial production figures. Analysts are expecting a rise of 0.1% from February, after a 0.6% drop from January.

Advertisement

Honda's massive recall could impact sales. Honda could see an impact on sales in Japan from this week's recall to replace potentially fatal air bags, a top executive said on Friday. Honda said a day earlier it was recalling another 4.9 million cars fitted with air bag inflators made by Japan's Takata Corp.

China announced huge Brazilian investment. China is to invest $50 billion (£31.70 billion) in Brazil in a massive wave of infrastructure investment, the Brazilian government announced Thursday, the eve of an official visit by Chinese Prime Minister Li Keqiang.

Burundi's coup attempt seems to have failed. The leader of Burundi's coup on Friday told AFP that the putschists were surrendering after their attempt to overthrow President Pierre Nkurunziza failed.

The leader of ISIS just issued his first voice recording in six months. The leader of the Islamic State group Abu Bakr al-Baghdadi on Thursday urged Muslims to emigrate to his self-proclaimed "caliphate", in the jihadist supremo's first audio recording in six months.

Obama spoke at a summit with Gulf leaders. Noting it's a time of "extraordinary challenges" in the region, Obama said that the US would potentially come to the Gulf States' defence if any of those countries' territorial integrity were jeopardised. He left open the possibility of "the potential use of military force for the defense of our GCC partners."

Advertisement

Asian markets are mixed. Hong Kong's Hang Seng is up 0.38%, and Japan's Nikkei is even higher, up 0.72%. But the Shanghai Composite Index is well down, currently 1.80% lower than Thursday's close.

NOW WATCH: Forget the Apple Watch - here's the new watch everyone on Wall Street wants

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article