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Good morning. Here's what you need to know. - Shares were mixed in overnight trading in Asia, with Japan's Nikkei off 0.8 percent. Major equity exchanges are closed in the U.S. and Europe for Good Friday.
- Japan's leading index increased 210 basis points to 96.6, beating expectations. The country's coincident indicator also improved, to 93.7. Here's the meal that's boosting one Japanese company >
- France's trade balance widened in February to €6.4 billion. Separately, the Government's budget balance jumped to -€24.2 billion, up from -€12.5 billion in January.
- Facebook will list its shares on the Nasdaq, The New York Times Evelyn Rusli broke yesterday. The decision serves as an endorsement for the exchange, which has been in a heated battle with the NYSE over up and coming tech IPOs. Check out this perfect chart of the NYSE and Nasdaq share prices following the announcement.
- HTC announced first quarter profit fell 70 percent to $151 million, the biggest decline since it listed as a publicly traded company. HTC said it "dropped the ball" on product development during the fourth quarter and was hit by greater competition from Samsung and Apple.
- Samsung beat first quarter earnings estimates this morning, with operating profit hitting a quarterly record $5.1 billion. The company said sales were driven by its mobile phone and television divisions.
- The big U.S. economic announcement of the day is the non farm payrolls report, at 8:30 a.m. Consensus is for 205,000 net new jobs in March, down slightly from the 227,000 pace in February. Business Insider projects a gain of 193,000 for March, with revisions of nearly 40,000 new jobs to the February and January reports. Follow it live on Money Game.
- Yahoo announced its chief product officer John Irving will leave the firm after the company laid off some 2,000 employees. Irving was hired from Microsoft two years ago. Yahoo, what are you thinking suing Facebook?
- Bond traders in London have been riled recently by a large, deep-pocketed trader dubbed the London Whale, the Wall Street Journal's Gregory Zuckerman and Katy Burne report. According to the Journal, the man is J.P. Morgan's Bruno Michel Iksil, a trader who has taken strong positions in credit default swaps
- Bully, a documentary that follows five teens in high school, removed the number of expletives in the film to win a PG-13 rating from the MPAA. Earlier, the Weinstein Company had left the movie without a rating because it would have received an R rating.
Bonus: Kerry Washington tells People that she loves roles where she can be a complete mess. | | | | | BI Intelligence ia a new subscription research service that provides real–time insight, information, and analysis of the Internet industry. Subscribe now and you'll get briefs, notes, interviews, and in–depth reports, as well as a library of charts and data that will help you stay on top of key trends and dynamics. | | Try it free for four weeks. Click here to sign up. | | Please follow Money Game on Twitter and Facebook. | | | | | | | |
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