Market Overview

A Peek Into The Market Before The Trading Starts

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 (NYSE: 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 (NASDAQ: 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 (NYSE: 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 (NASDAQ: AWRE) announced Friday that it has signed an agreement for the sale of selected patents and patent applications to Intel Corporation (NASDAQ: 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 (NYSE: 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.

Posted-In: Citigroup US Stock FuturesNews Futures Global Pre-Market Outlook Markets

 

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