A Peek Into The Market Before The Trading Starts
Pre-open movers US stock futures are higher this morning, after upbeat data from China. Futures for the Dow Jones Industrial Average jumped 90 points to 12,480.00 and S&P 500 index futures rose 9.70 points to 1,298.60. Nasdaq 100 futures gained 19.50 points to 2,393.00.
A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index rose 0.71%, London's FTSE 100 Index moved up 0.53%, French CAC 40 index rose 1.08% and German DAX 30 index surged 1.65%.
Asian markets ended higher, with Japan's Nikkei Stock Average surging 1.0508%, China's Shanghai Composite surging 4.18% and Australia's S&P/ASX 200 moving up 1.63%. Hong Kong's Hang Seng Index rose 3.2377% and India's Sensex gained 1.71%.
Broker Recommendation Analysts at JP Morgan downgraded Logitech International (NASDAQ: LOGI) from “neutral” to “underweight.” The target price for Logitech International has been lowered from $11.50 to $9.
Logitech International shares gained 1.80% to $7.91 in pre-market trading.
Breaking news
- Westmoreland Coal Company (NASDAQ: WLB) today announced that it, together with Westmoreland Partners, its indirect wholly owned subsidiary, as Co-Issuer, intends to offer $130 million principal amount of 10.75% Senior Secured Notes due 2018 as additional notes to the already outstanding $150 million principal amount of existing 10.75% Senior Secured Notes due 2018, in a private placement. To read the full news, click here.
- Medivation Inc (NASDAQ: MDVN) and Pfizer Inc (NYSE: PFE) today announced results from the CONCERT trial, which is a Phase 3 trial that evaluated dimebon (latrepirdine) when added to ongoing treatment with donepezil HCL tablets in patients with mild-to-moderate Alzheimer's disease. To read the full news, click here.
- AECOM Technology Corporation (NYSE: ACM), announced today that it has won a task order contract from the U.S. Air Force for Contract Field Teams (CFT) worth up to US$16.5 million during a three-year duration, if all options are exercised. To read the full news, click here.
- Spirit Airlines Inc (NASDAQ: SAVE) announced today its intention to conduct a secondary offering to the public of 11,000,000 shares of common stock. To read the full news, click here.
