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10 Things You Need To Know This Morning

Mamta Badkar

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

  • Asian markets were mostly lower in overnight trading with the Shanghai Composite down 0.60 percent over concerns of a slowdown in China. Europe is selling off and U.S. futures are in the red.
  • Spain's borrowing costs increased, when the Spanish Treasury raised €2.9 billion through an auction of 12-month and 18-month treasury bills, at a yield of 2.985 percent and 3.30 percent respectively.
  • Italian borrowing costs increased as its treasury raised €5.25 billion at a bond auction at the top of its range. It sold its three-year benchmark at an average 3.91 percent yield. and sold €1.75 billion of three bonds due in 2020, 2022, and 2025.

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