Good morning. Here’s what you need to know.
- Asian indices were mostly up in overnight trading with the Hang Seng up 1.46%. Major European indices are mixed and US markets have opened higher. Now, here are the 10 unusual stocks attracting huge interest this morning >
- Eurozone PMI came in higher than expected up 0.8% month-over-month for February. January PPI figures have however been revised down to 1.3% month-over-month. Energy prices are said to have driven producer price inflation. Check out the 8 shocks Citi thinks will slam the global economy >
- Oil prices are trading at a 30-month high and have risen to nearly $109. Libya’s ongoing conflict has continued to hurt the supply side of the equation. Here are 12 petro states that are booming on oil’s surge >
- HSBC may consider moving its headquarters to France amidst the UK’s uncertain regulatory environment. The bank already has its government bond trading business headquarterted in Paris. Only months earlier, HSBC had denied rumours that it was moving its headquarters to Hong Kong.
- President Barack Obama announced his 2012 re-election bid via a video titled “It Begins With Us” on BarackObama.com. The video features Obama supporters from around the nation. He is expected to file campaign papers with the Federal election commission today. Here’s our guide to the 2012 Republican candidates >
- Spanish Prime Minister Jose Luis Rodriguez Zapatero will step down at the end of his second term in office. Zapatero was a supporter of austerity measures and his absence will create a vacuum making it hard for socialist leaders to pass new austerity reforms.
- A Libyan envoy in Greece has put forth solutions to the conflict which involve Qaddafi remaining in power. Meanwhile, his sons have offered solutions that will see them assume power. The proposals have been rejected by the Libyan National Transitional Council. Here are the 11 countries at risk of becoming the next Libya >
- The Japanese government has said that the damage to the Fukushima plant is worse than expected and that it may be months before they can contain the radiation that continues to leak into the Pacific Ocean. The IAEA has announced that it would like to send an international expert mission to Japan to begin its own assessment. Don’t Miss: The 13 countries most exposed to a nuclear industry backlash >
- Vodafone is selling a 44% stake of France’s SFR to French media conglomerate Vivendi for €7.95 billion. Vivendi already owns the remaining 56% stake in the company.
- BP has asked US regulators for permission to begin drilling in the Gulf of Mexico less than 12 months after its oil spill in the region. BP hopes to resume drilling as early as July and has said it will incorporate strict safety and supervisory rules.
- BONUS: Gwyneth Paltrow was spotted going for drinks with Glee co-star Matthew Morrison in London.
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