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10 Things You Need To Know This Morning

Mamta Badkar

Get further insight on implementing effective leadership practices, creating operational efficiencies, and adapting to regulatory changes on the Insights and Trends section at gecapital.com

Update: Europe is losing its early gains after ECB chief Mario Draghi's press conference.

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

  • The EU has a new proposal that could force unsecured creditors of failing banks to take losses, and force lenders to pay levies, as a first step to its banking union. 
  • Nonfarm productivity fell 0.9 percent last month, ten basis points below consensus expectations. Meanwhile, unit labor costs increased 1.3 percent missing expectations of a 2.1 percent gain.

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