A Peek Into The Market Before The Trading Starts

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Pre-open movers
US stock futures are slightly higher this morning. Futures for the Dow Jones Industrial Average gained 11 points to 13,171.00 and S&P 500 index futures rose 0.50 points to 1,397.30. Nasdaq 100 futures gained 6 points to 2,726.25.
A Peek Into Global Markets
European markets were higher today. The STOXX Europe 600 Index gained 0.37%, London's FTSE 100 Index moved up 0.29%, French CAC 40 index rose 0.36% and German DAX 30 index gained 0.17%. Asian markets ended mostly lower, with Japan's Nikkei Stock Average dropping 0.43%, China's Shanghai Composite dropping 0.35% and Australia's S&P/ASX 200 falling 0.26%. Hong Kong's Hang Seng index declined 0.33% and India's Sensex rose 0.02%.
Broker Recommendation
Analysts at Citigroup upgraded Celanese Corporation
CE
from “neutral” to “buy.” The target price for Celanese has been raised from $51 to $56. Celanese shares gained 1.62% to close at $48.40 yesterday.
Breaking news
  • Lakes Entertainment LACO announced that its subsidiary, Evitts Resort, LLC has been awarded a video lottery operation license for the Rocky Gap Lodge & Golf Resort in Cumberland, Maryland by the State of Maryland Video Lottery Facility Location Commission. To read the full news, click here.
  • IAMGOLD Corporation IAG and Trelawney Mining and Exploration Inc. today announced that they have entered into a definitive agreement whereby IAMGOLD will acquire, through a plan of arrangement, all of the issued and outstanding common shares of Trelawney. To read the full news, click here.
  • Aware Inc AWRE announced Friday that it has signed an agreement for the sale of selected patents and patent applications to Intel Corporation INTC for approximately US $75,000,000, subject to customary closing conditions and any required regulatory approvals. To read the full news, click here.
  • Honda Motor Co HMC reported a 61% surge in its fiscal fourth quarter profit. The company expects global sales of 4.3 million vehicles for this fiscal year. To read the full news, click here.
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