10 Things You Need To Know Today About the Markets

 

Here's what you need to know.

Asian markets were lower in overnight trading with the Nikkei down 1.45%. Europe is selling off with Italy down nearly 2%. U.S. futures are down.

The Bank of Japan failed to take any measures to address a month of volatility in bond markets. Instead it is sticking with a plan to double its monetary base and help re-stimulate the economy. The plan to double the monetary base was expected to cause yields to fall and bond prices to appreciate, but has done the opposite. Jeff Gundlach explains what is going on in global markets >

The Indian rupee plunged to a record low of 58.98 per dollar on Tuesday. Reuters reports that it was intervention on the part of the Reserve Bank of India that stemmed further declines. What's the matter with India?

UK industrial production climbed 0.1% in April, beating expectations for the data to stay unchanged. Manufacturing however fell 0.2%.

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