Good morning. Here’s what you need to know:
- Asian markets surged overnight, with the Nikkei up 1.22%. Major European indices are all higher this morning, and U.S. markets are now negative. Silver and gold are both rallying. Now, here are the 10 unusual stocks attracting huge interest this morning >
- The U.S. ISM manufacturing index beat expectations slightly. Read more here >
- Federal Reserve Chairman Ben Bernanke will be speaking before the Senate Banking Committee today at 10:00 AM ET. Follow that testimony live at Money Game >
- Thai and Indonesian inflation came in lower than expected, reducing fears over rampant inflation in Southeast Asian emerging markets. Don’t miss: Citi’s 10 companies that will do great in the coming inflation wave >
- Chinese PMI data showed its largest decline since 2004 in February, down to 51.7. Prices for inputs continue to rise for manufacturers. Here’s what China may look like in 2015 >
- The Saudi Arabian market is diving this morning, down over 7%. Fears continue to persist that Saudi Arabia may be experiencing riots, or may soon experience contagion from the current unrest in Oman. Check out: The 11 countries that may become the next Egypt >
- The situation in Libya appears to be worsening today, with tens of thousands of refugees fleeing the country. The U.S. is moving military capabilities to the region.
- European data blew away expectations overnight, with the eurozone’s PMI surging, and German unemployment sliding to a 19-year low. Sweden and Switzerland also beat GDP expectations. But here’s who may get hit next in the eurozone sovereign debt crisis >
- The U.S. government just approved the first deepwater oil drilling permit since the BP disaster. Noble Energy received the award, and will start work again in the same area of BP’s well.
- Construction spending came in in line with expectations. Don’t miss: Why Bill Ackman thinks now is the time to buy a house >
- Bonus: Anne Hathaway was paid $750,000 to wear jewelry by Tiffany at the Oscars, according to Us Weekly.