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10 things you need to know before European markets open

10 things you need to know before European markets open

Narendra Modi

REUTERS/Aly Song

Indian Prime Minister Narendra Modi has visited China, Mongolia and South Korea on an international tour.

Good morning! Here are the most important stories in markets today.

Greece may not pay up this month. $4, Greek newspapers said Sunday.

Iran's deputy oil minister says OPEC is unlikely to cut output. The Organisation of the Petroleum Exporting Countries (OPEC) is unlikely to implement a production cut at its next meeting in June, a senior Iranian official said on Monday. $4

The Bundesbank's monthly report is coming. At 12 noon London time (7 a.m. New York time) the biggest national central bank in Europe releases its monthly report, with a hint at the German institution's views of economic developments.

China hopes the fall in house prices is bottoming out. China's new home prices fell for the eighth consecutive month in April from a year earlier but were flat from March, $4.

The West is clinging to a fraying peace deal in Ukraine. Western powers are clinging to a fraying peace deal in Ukraine and forcing Kiev to follow suit, $4.

Saudi Arabia is selling less oil to the US than at any time since 2009. Despite the plunge in oil prices, the world's main producer is still struggling to sell more than a million barrels per day on average to the US, $4.

Iran and Saudi Arabia are gearing up for a Naval confrontation. $4, Iranian media reported, in a challenge to Saudi-led naval forces controlling Yemeni waters.

Japan reported a solid sign on business investment.$4$4, the Cabinet Office said on Monday, in a sign of a pick-up in business investment.

Asian shares are mixed. Hong Kong's Hang Seng is sinking, down 1.01%, while the Shanghai Composite Index is flat, up just 0.06%. Japan's Nikkei had a good session, rising 0.70%.

North Korea is "not even close" to talks with the US. $4, adding the United States was considering further sanctions.

NOW WATCH: $4

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