A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 77 points to 12,506.00 and S&P 500 index futures rose 8.30 points to 1,323.30. Nasdaq 100 futures gained 20 points to 2,544.00. A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index rose 0.22%, London's FTSE 100 Index gained 0.14%, French CAC 40 index rose 0.63% and German DAX 30 index climbed 0.76%. Asian markets ended higher, with Japan's Nikkei Stock Average rising 0.74%, Chinese Shanghai Composite gaining 1.20% and Australia's S&P/ASX 200 rising 1.16%. Hong Kong's Hang Seng index rose 1.35% and India's Sensex rose 0.05%. Broker Recommendation Analysts at Citigroup upgraded ConocoPhillips COP from “neutral” to “buy.” The target price for ConocoPhillips has been raised from $64.80 to $67. ConocoPhillips shares fell 0.06% to close at $52.11 on Friday. Breaking news

• Kratos Defense & Security Solutions Inc KTOS announced today that its SecureInfo cybersecurity group will support the U.S. Antarctic Program with a full range of cybersecurity services valued at more than $16 million. To read the full news, click here.
• UTStarcom Holdings Corp UTSI announced today that it has won an expansion tender from Beijing Television to enhance the capabilities of BTV's existing IPTV broadcasting control platform. To read the full news, click here.
• SciClone Pharmaceuticals Inc SCLN today announced that its board of directors has approved an increase of approximately $10.5 million to the Company's stock repurchase program. To read the full newsclick here.
• HiSoft Technology International Limited HSFT today announced a strategic cooperation agreement with the International Association of Outsourcing Professionals (IAOP) at a press conference held at Kempinski Hotel Beijing. To read the full news, click here.