U.S. Markets closed

10 Things You Need To Know This Morning

Mamta Badkar
boston marathon explosion

REUTERS/Jessica Rinaldi

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

  • Asian markets were mixed in overnight trading with the Shanghai Composite up 0.6 percent, the first gain in three sessions. This was driven by property developers and insurers. Europe is selling off and U.S. futures are rallying.
  • Housing starts were up 7% in March to an annualized level of 1.03 million. Meanwhile, permits fell 3.9%. Consumer prices unexpectedly fell 0.2% in March.
  • A 7.8 magnitude earthquake has struck Iran. The tremors have been felt in several other countries. The Global Disaster Alert and Coordination System reports that the quake hit 10 miles below ground. 300,000 people are reported to be within 60 miles of the epicenter.

More From Business Insider