A Peek Into The Market Before The Trading Starts

Pre-open movers

US stock futures are mostly flat this morning, as investors are awaiting jobs data. Futures for the Dow Jones Industrial Average gained 1 point to 12,845.00 and S&P 500 index futures fell 0.80 points to 1,359.80. Nasdaq 100 futures dropped 1.25 points to 2,631.75.

A Peek Into Global Markets

European markets were mostly higher today. The STOXX Europe 600 Index gained 0.14%, London's FTSE 100 Index moved down 0.09%, French CAC 40 index rose 0.06% and German DAX 30 index gained 0.37%. Asian markets ended higher, with Japan's Nikkei Stock Average rising 1.65%, China's Shanghai Composite gaining 0.79% and Australia's S&P/ASX 200 moving up 0.90%. Hong Kong's Hang Seng index rose 0.89% and India's Sensex gained 2.09%.

Broker Recommendation

Analysts at Jefferies & Company upgraded Cavium Inc

CAVM

from “hold” to “buy.” The target price for Cavium has been raised from $32 to $44. Cavium shares closed at $32.70 yesterday.

Breaking news

Getty Realty Corp GTY today announced it entered into a Stipulation relating to the Chapter 11 bankruptcy proceeding initiated by Getty Petroleum Marketing. To read the full news, click here.
TORM A/S TRMD has entered into an agreement to sell the MR product tanker TORM Lana. The parties have agreed not to disclose the sales price. To read the full news, click here.
Green Mountain Coffee Roasters GMCR today released the following statement regarding Starbucks' announcement of their new initiative in the espresso-based single-cup category. To read the full news, click here.
Hibbett Sports Inc HIBB reported a better-than-expected fourth-quarter profit. To read the full news, click here.

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