How Gold Is Mined: 10 Things You Need To Know This Morning (DIA, SPY, QQQ)

Opening Bell, May 31, 2013 - Business Insider Login Login Username Password Remember me

Forgot username or password?

Money Game Home Tech SAI Enterprise Science

GOLDMAN: Here's What We Want Apple To Unveil At Their Big Conference In Two Weeks

Microsoft Invented A Tablet A Decade Before Apple And Totally Blew It

Scientists Have Figured Out How Much Radiation Would Hit Astronauts Traveling To Mars Finance Clusterstock Your Money

This Reuters Editorial Is The Most Stinging Indictment Of Wall Street Bankers We've Read In A While

Obamacare Is Driving Some Doctors To Stop Taking Insurance Altogether Markets

Chinese Manufacturing PMI Beats Expectations, Rising To 50.8 Politics Politics Defense Law & Order

Americans Won't Like Hearing The Real Reason That Silicon Valley Is Pushing So Hard For Immigration Reform

10 Habits From The Military That Stay With You Forever

Leaked Photos Show Oscar Pistorius Crime Scene For The First Time Strategy Strategy Careers Small Business

How The Anxiety Epidemic In The American Workplace Is Ruining Your Health

There Are So Many Reasons Why New Grads Should Join Startups

How The Anxiety Epidemic In The American Workplace Is Ruining Your Health Entertainment

Topless Protestors Reveal Why They Ambushed Heidi Klum's 'Top Model' Finale Advertising

Actually, Beyoncé WAS Totally Photoshopped In This Ad Retail

A New Jersey Frozen Yogurt Chain Is Being Called 'The Hooters Of Froyo' Sports

The Marlins Are On Pace To Be The Worst Team In Modern Baseball History Life The Life Transportation

Hauntingly Beautiful Pictures Show Budapest Then And Now

ELON MUSK: The 'Hyperloop' Would Be 10 Times Cheaper Than High-Speed Rail More Latest Video Lists The Hive Your News BI Intelligence Events About BI Events BI Intelligence Money Game Home Economy Markets Investing ETFs HiveContributors Documents Jobs Follow us on Facebook and get updates from Money Game posted directly to your news feed Enter your email address and zip code to set up customized email alerts. Email Zip From To Email Sent! You have successfully emailed the post. 10 Things You Need To Know This Morning Matthew Boesler | May 31, 2013, 7:33 AM | 4,081 | 1 EmailMoreShare on Tumblr

Tweet!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src="//platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs");EmailShare on Tumblr

Amber Born at the spelling bee REUTERS/Larry Downing

Massachusetts student Amber Born of Marblehead pauses before answering correctly in the semi-final round of the 2013 Scripps National Spelling Bee at the Gaylord National Resort and Convention Center at National Harbor in Maryland, May 30, 2013.

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

Markets in Asia were mixed in overnight trading. The Japanese Nikkei 225 rose 1.4%, the Hong Kong Hang Seng fell 0.4%, and the Shanghai Composite declined 0.7%. European markets are in the red across the board, led by Italy, currently down 1.0%. In the United States, futures point to a negative open.Despite the gains in the the Nikkei during Friday's trading session in Japan, the index has taken a sharp turn lower in after-hours futures trading and is already down 1.8% from Friday's close. The Japanese stock market has had an extremely volatile last few trading sessions after the Nikkei posted a shock 7.3% single-day decline last Wednesday.The sharp decline in the South African rand against the U.S. dollar continues today as part of a broader sell-off in emerging market currencies. The exchange rate is currently 10.13 rand per dollar, up 1% from yesterday. Worries over a tapering of monetary stimulus by the Federal Reserve are slowing inflows into emerging markets, causing currencies and asset values to decline. The rand is one of the biggest losers because its moves against the dollar are more accentuated than those of others – in part because the currency is more easily "bullied" by traders.Japan's consumer price index fell 0.7% in April from the previous year, in line with consensus estimates, after posting a 0.9% decline in March. Excluding food and energy, prices fell 0.6%, beating expectations for a 0.7% drop and marking an improvement from April's 0.8% decline in prices. Morgan Stanley economist Takeshi Yamaguchi writes that the core index – the one excluding food and energy – "will likely take until Jan-Mar 2014 to turn to positive gains."German retail sales fell 0.4% in April after contracting 0.1% in March. Economists were expecting sales to increase 0.2%. The release follows worse-than-expected unemployment data earlier this week.Italian unemployment rose to an all-time high of 12% in April from 11.9% in March. Economists were expecting a significant decline in the unemployment rate to 11.6%. Unemployment across the eurozone rose to a record 12.2%.In the week ended May 29, global equity funds recorded $2.8 billion in outflows, marking only the second week of redemptions in 2013. Bond funds took in $1.4 billion, commodity funds lost $1.0 billion, and money market funds expanded by $8.5 billion.Personal income was unchanged in April, falling short of economists' expectation for a 0.1% gain. Spending unexpectedly fell by 0.2%, which was worse than the unchanged level expected.Chicago PMI survey results for the month of May are released at 9:45 AM. Economists predict the index rose to 50.0 from 49.0 in April, suggesting that the contraction in regional manufacturing has come to a halt (any reading below 50 indicates contraction, whereas a reading above 50 indicates expansion).Out at 9:55 AM is the final reading from the University of Michigan's May consumer confidence survey. Economists predict the headline index will match the flash estimate of 83.7 published earlier this month, up from 76.4 in April. Follow the data LIVE on Business Insider >

BI Intelligence, a new subscription research service from Business Insider, provides in-depth insight, data, and analysis of the mobile industry.

Access all reports, research updates, presentations, data and chart libraries plus much more with your free trial.

Click here to start your subscription>>

Follow 10 Things Before the Opening Bell and never miss an update!

Get updates in your Facebooknews feed.

Get updates in your inbox.

Email Country United StatesAfghanistanAland IslandsAlbaniaAlgeriaAmerican SamoaAndorraAngolaAnguillaAntarcticaAntigua And BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBolivia, Plurinational State OfBosnia And HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos (keeling) IslandsColombiaComorosCongoCongo, The Democratic Republic Of TheCook IslandsCosta RicaCote D'ivoireCroatiaCubaCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFalkland Islands (malvinas)Faroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuamGuatemalaGuernseyGuineaGuinea-bissauGuyanaHaitiHeard Island And Mcdonald IslandsHoly See (vatican City State)HondurasHong KongHungaryIcelandIndiaIndonesiaIran, Islamic Republic OfIraqIrelandIsle Of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKorea, Democratic People's Republic OfKorea, Republic OfKuwaitKyrgyzstanLao People's Democratic RepublicLatviaLebanonLesothoLiberiaLibyan Arab JamahiriyaLiechtensteinLithuaniaLuxembourgMacaoMacedoniaMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMartiniqueMauritaniaMauritiusMayotteMexicoMicronesia, Federated States OfMoldova, Republic OfMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNetherlands AntillesNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorthern Mariana IslandsNorwayOmanPakistanPalauPalestinian Territory, OccupiedPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalPuerto RicoQatarReunionRomaniaRussian FederationRwandaSaint BarthelemySaint HelenaSaint Kitts And NevisSaint LuciaSaint MartinSaint Pierre And MiquelonSaint Vincent And The GrenadinesSamoaSan MarinoSao Tome And PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth Georgia And South Sandwich IslandsSpainSri LankaSudanSurinameSvalbard And Jan MayenSwazilandSwedenSwitzerlandSyrian Arab RepublicTaiwan, Province Of ChinaTajikistanTanzania, United Republic OfThailandTimor-lesteTogoTokelauTongaTrinidad And TobagoTunisiaTurkeyTurkmenistanTurks And Caicos IslandsTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited States Minor Outlying IslandsUruguayUzbekistanVanuatuVenezuela, Bolivarian Republic OfViet NamVirgin Islands, BritishVirgin Islands, U.s.Wallis And FutunaWestern SaharaYemenZambiaZimbabwe Zip Code Privacy Policy Please Note: Business Insider will never share your information with any other companies. You also have the ability to unsubscribe from these newsletters at any time simply by following the unsubscribe link located at the bottom of each email

Recommended For You

Why Are So Many Facebook Execs Quitting To Work With This Man?

Here's his explanation.

Please follow Money Game on Twitter and Facebook.
Follow Matthew Boesler onTwitter. Tags: 10 Things Before Opening Bell | Get Alerts for these topics »

Advertisement: Short URL Share: Twitter Facebook Digg StumbleUpon Reddit LinkedIn Google+ Email More about embedding posts » Embed More about Alerts » Alerts Newsletter To embed this post, copy the code below and paste into your website or blog.600px wide (preview)400px wide (preview) 300px wide (preview)

Matthew Boesler Contact: e-mail: mboesler@businessinsider.com Work Phone: (646) 403-4840 URL: http://www.about.me/matthewboesler Subscribe to his RSS feed | twitter feed
View his Google+ profile Recent PostsGOLDMAN: Here's What We Wan...That Was One Ugly CloseJPMORGAN'S TOM LEE: We Are ... Join the discussion with Business InsiderLogin With FacebookLogin With Twitter Login With Google Name (Required)Email Address (Required but never displayed)Comments Submit the comment for Insider Status The Water Cooler Insiders 0 All Comments 1 Apply To Be An "Insider" » Loading