10 Things You Need To Know This Morning

Business Insider

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

  • Asian markets were mixed in overnight trading with the Nikkei up 0.5 percent and the Chinese markets still closed for the New Year holiday. Europe is selling off after eurozone GDP contracts, and U.S. markets are trading lower. 
  • Initial jobless claims fell to 341k, which was much better than expected. Consensus was for new claims to fall to 360K
  • Cisco Systems forecast that its fiscal third quarter sales would rise four to six percent year-over-year and projected revenue of $12.1 billion - $12.3 billion. Analysts were looking for $12.2 billion. Cisco said demand was impacted by weaker growth in China and Europe, and could also be hit by lower government demand in the U.S..
  • Indian inflation as measured by its wholesale price index was up 6.62 percent year-over-year in January. The pace of growth was the slowest in 38-months. As India's growth is said to reach a 10-year low, this boosts the case for an interest rate cut.

BI Intelligence, a new subscription research service from Business Insider, provides in-depth insight, data, and analysis of the mobile industry.

Access all reports, research updates, presentations, data and chart libraries plus much more with your free trial.

Click here to start your subscription>>


More From Business Insider
View Comments (0)

Recommended for You