10 Things You Need To Know Today

thenews 2013.05.16 10:00

Here's what you need to know.

Asian markets were mixed in overnight trading with the Shanghai Composite up 1.2%, its best day since May 3. Europe is mixed and U.S. futures are modestly lower.
Japanese Q1 GDP increased 3.5% year-over-year, beating expectations for 2.8% growth. Growth increased 0.9% from the previous quarter, showing that 'Abenomics' is stimulating the Japanese economy. What is Abenomics >
Gold prices fell below the $1,400 mark yesterday and continue to fall today. A stronger dollar and a decline in ETF holdings are weighing on gold. A 13-F filing for Soros Fund Management showed that Soros cut his stake in the SPDR Gold Trust to 530,900 by March 31, from 600,000 at the end of December.