10 things you need to know before the opening bell
Here's what you need to know before the markets open.. IHS Markit's Purchasing Managers' Index reading shrank to 17.4 in March from 52.1 in February.. Crescat Capital's Kevin Smith delivered gains of 40.5% and 34.3% in two key funds as stocks plunged.. Major oil producers are planning to cut output by the equivalent of about 10% of global supply, Reuters reported..
The composite PMI reading for manufacturing and services activity tumbled to 36.0 from 53.0 in February.. The aircraft manufacturer could halve output to 30 of the planes a month for one to two quarters, sources told Reuters.. In Europe, Germany's DAX rose 0.3%, Britain's FTSE 100 fell 0.7%, and the Euro Stoxx 50 was flat. In Asia, China's Shanghai Composite fell 0.6% and Hong Kong's Hang Seng fell 0.2%, while Japan's Nikkei was flat.
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