10 Things You Need To Know Before The Opening Bell, April 6, 2011

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		TECH MEDIA WALL STREET MARKETS STRATEGY SPORTS TOOLS LATEST VIDEO Wednesday, April 6, 2011 UK production falls, the Euro soars. Here's what you need to know. Asian indices were mixed in overnight trading with the Nikkei down 0.32%. Major European indices are in the green while US futures indicate a positive open. The Portuguese government sold 6-month and 12-month treasury bills today and raised €1bn in short-term government debt. Yields on 12-month bonds were higher than the 5-year yields on EU backed bailout bonds Portugal could tap. Check out the full details on the debt situation in the eurozone > UK production fell 1.2% in February from the previous month indicating a slowdown in the recovery but YoY numbers were up. A slowdown in energy production hurt overall numbers.  Advertisement The Euro soared to $1.43, a 14-month high against the dollar ahead of the ECB meeting tomorrow to determine interest rates. The ECB is expected to announce a rate hike. Don't miss: Citi believes these 8 shocks are about to hit the economy > TEPCO managed to stop the leak of radioactive water into the ocean late yesterday. Workers had been trying to control the flow for 5 days. The report comes after Japan caught a radioactive fish between Fukushima and Tokyo yesterday. Check out photos of the workers trying to save Fukushima > The U.S. and Colombia are expected to announce a free-trade pact today after a long deadlock in negotiations. The deal would give the US access to Colombian markets without current custom duties and could increase exports by $1 billion a year. Germany's Commerzbank plans to repay €14.3bn to the government, a move that would reduce its dependence on state funding. The bank had €18.2 billion in "silent participation" from the government during the global economic recession and hopes to repay 90% of that by summer. Spain's newly formed Bankia which consists of Caja Madrid and six savings banks, will create a bad bank for its riskier assets ahead of its stock market listing this year. Gold reached an all time high yesterday, and rose to $1,460.20 an ounce in morning trading today. Meetings on the U.S. budget continue today, with Republicans and Democrats trying to avoid a government shutdown as soon at the weekend. The U.S. House Republican 2012 budget proposal was revealed yesterday calling for $6.2 trillion in cuts over the next decade. Check out Rep. Paul Ryan's full list of cuts here > Share this email: Buzz Facebook Twitter Digg Reddit StumbleUpon The email address for your subscription is: ipat39@gmail.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to RSS feed Business Insider. 119 Fifth Avenue, New York, NY 10003 Terms of Service | Privacy Policy

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