Good morning. Here’s what you need to know:
- Asian markets were up overnight, with the Hang Seng up 1.71%. Major European indices are lower, while U.S. futures suggest a negative open. Now, here are the 10 unusual stocks attracting huge interest this morning >
- Both Brent Crude and NYMEX Crude prices are drifting lower this morning, easing pressure on the market. Gold and silver are both off their peaks, but remain close to their record highs. Here’s why Ben Bernanke doesn’t think the Fed needs to raise rates >
- Opec members are working together to release more supply into the oil market, joining with Saudi Arabia, which has already claimed to have done so. Participating countries include the UAE, Nigeria, and Kuwait. Don’t miss: The 10 companies positioned to gain from the chaos in the Middle East >
- Libya’s government continues to attack rebel forces in the city of Ras Lanuf today, after rebels rejected negotiations that would have seen Gadaffi resign. Some of the government attacks include the use of mobile rocket launchers on rebels. Check out this guide to Libya’s military >
- Ivory Coast president Laurent Gbagbo has taken over the country’s cocoa and coffee industries. The move comes as Gbagbo attempts to cling onto power against his elected rival. Cocoa prices have spiked as a result.
- China has a 60% chance of experiencing a banking crisis by mid-2013, according to Fitch. The crisis would be driven by problems in the country’s real estate sector. Check out these amazing satellite photos of Chinese ghost cities >
- Yields on fringe eurozone debt are spiking this morning as a result of impending debt auctions. Greece, Spain, and Portugal are all in bond market action this week. Don’t miss: The 18 countries most likely to default >
- The trial of hedge funder Raj Rajaratnam on insider trading charges begins today in New York. Check out the details of the case here >
- Starbucks is bringing its instant coffee brand, Via, to the Chinese market in April. The company sees opportunity in the packaged goods space in China.
- Boeing just sealed a deal with multiple Chinese airlines worth $10 billion. Boeing will ship planes to Air China and Hainan Airlines. Here’s what Credit Suisse thinks China will look like in 2015 >
- Bonus: Emma Watson has dropped out of Brown University for the time-being, so she can focus on promoting Harry Potter and working on other films.