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Wednesday, June 12, 2013

10 Things You Need To Know Before The Opening Bell (FB, IBM, AMZN, SPY, DIA)

turkey protest

Good morning. Here's what you need to know.

  • Asian markets were down in overnight trading with the Nikkei falling 0.2%, paring its losses. The Shanghai Composite is still closed for the Dragon Boat festival. Europe is mixed and  U.S. futures are modestly higher.
  • Facebook CEO Mark Zuckerberg faced unhappy shareholders at his first-ever annual shareholders meeting on Tuesday. Zuckerberg acknowledged that the stock's performance was disappointing but that "nothing in that has made me think that the fundamental strategy is wrong," according to the WSJ.
  • MSCI Inc. cut Greece to emerging market status. Greece, which is the first developed country to be cut, failed to meet "multiple criteria: securities borrowing and lending facilities, short selling and transferability." Meanwhile, MSCI Qatar and MSCI UAE were reclassified from frontier markets to emerging markets.
  • Edward Snowden, the 29-year old former Booz Allen Hamilton employee who came forward as the NSA whistleblower, is technically free to leave Hong Kong. Local lawyers told Reuters that he should leave for a "sympathetic jurisdiction as fast as possible."

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READ THE ORIGINAL POST AT www.businessinsider.com