10 Things You Need To Know Before The Opening Bell, June 14, 2012

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Law International Video Latest Thursday, June 14, 2012 Advertisement Good morning. Here's what you need to know. Asian markets ended in the red with the Hang Seng down 1.15 percent on concerns about European borrowing costs and the Greek election this weekend. Europe is selling off and U.S. futures are modestly higher. Moody's cut Spain's government bond rating from A3 to Baa3 late yesterday, and placed the country on review for a further downgrade. Meanwhile, the Spanish 10-year yield hit the 7 percent mark today. Now here are 14 reasons Spain is turning into a disaster > Italian borrowing costs surged at its debt auction today. Italy sold €4.5 billion in mid to long-term bonds meeting the top end of its target range. The yield on its three-year bond climbed to 5.30 percent. Don't Miss: The next nine crucial events in the euro debt saga > Nokia announced that it will cut 10,000 job by the end 2013. This is over the nearly 14,000 job losses it announced last year. The company also announced changes to its management and issued a profit warning. The Swiss central bank has promised to defend its franc cap to protect its economy from risks in the Eurozone. The SNB maintained its ceiling at 1.20 francs per euro. Initial jobless claims will be released at 8:30 a.m. ET. Consensus is for a drop in new claims to 375K. Follow the release at Money Game > Microsoft is in talks to buy Yammer for over $1 billion and a deal could be reached as soon as Friday. Indian inflation came in higher than expected. The wholesale-price index increased 7.55 percent year-over-year in May. The Indian economy is a wreck: These 8 charts show what's going wrong > Greece's unemployment rate jumped to 22.6 percent in the first quarter, up from 20.7 percent the previous quarter. Now here's a complete guide to the developed world's unemployment problem > CPI for May and current account data for the first quarter will be released at 8:30 a.m. ET. Consensus is for a 0.2 percent month-over-month (MoM) decline in consumer prices and for the current account deficit to widen to $132.3 billion. Follow the release at Money Game > Bonus - Kate Hudson was spotted holidaying with her family in Greece. BI Intelligence is 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. Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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