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News Link • Economy - International

10 Things You Need To Know Before The Opening Bell

•, Mamta Badkar
 Asian markets were mixed in overnight trading with the Nikkei down 0.83 percent falling for the seventh consecutive session. Europe is rallying and U.S. futures are higher as well.
Indonesia's Aceh province was hit by an 8.7 magnitude earthquake. The earthquake struck at a depth of 20.5 miles off the coast of Indonesia. A tsunami measuring 4 inches hit the Thai coast.
Italy sold €11 billion of short-term bills paying 2.84 percent to sell one-year debt up from 1.41 percent at the previous auction. The Italian market rallied after the successful auction. Meanwhile Germany's bond auction flopped after yields hit a record low.
Alcoa reported Q1 net income of $105 million or $0.10 per share beating expectations of a loss of $0.04 per share. Revenue beat expectations rising nine percent year-over-year to $6 billion.
Best Buy unexpectedly announced yesterday that CEO Brian Dunn would be resigning. It then emerged that he resigned amid a personal misconduct investigation.

Carlyle Group is looking for a $7.5 billion - $8 billion valuation in its IPO. Carlyle plans to sell a 10 percent stake to raise $750 million - $800 million in the IPO which could take place as early as next week.

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