A Peek Into The Market Before The Trading Starts - Canadian Pacific Kansas (NYSE:CP)

Pre-open movers

US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 56 points to 12,558.00 and S&P 500 index futures rose 6.40 points to 1,324.70. Nasdaq 100 futures gained 10 points to 2,561.75.

A Peek Into Global Markets

European markets were lower today. The STOXX Europe 600 Index fell 0.43%, London's FTSE 100 Index dropped 0.84%, French CAC 40 index fell 0.55% and German DAX 30 index declined 0.67%. Asian markets ended lower, with Japan's Nikkei Stock Average falling 0.29% and Australia's S&P/ASX 200 dropping 0.97%. Hong Kong's Hang Seng index declined 1.40% and India's Sensex fell 0.35%.

Broker Recommendation

Analysts at Citigroup downgraded Electronic Arts

from “buy” to “neutral.” The target price for Electronic Arts has been lowered from $19 to $14. Electronic Arts shares dropped 0.42% to $11.95 in after-hours trading.

Breaking news

Repligen RGEN today announced that it has received a Complete Response Letter (CRL) from the U.S. Food & Drug Administration (FDA) regarding the Company's New Drug Application (NDA) for RG1068 (synthetic human secretin). To read the full news, click here.
Cabot Oil & Gas COG today announced the Company has signed a definitive agreement with a wholly-owned U.S. subsidiary of Osaka Gas Co., Ltd. for the sale of a 35 percent non-operated working interest in the Pearsall Shale in approximately 50,000 net acres leased by the Company in Atascosa, Frio, La Salle and Zavala counties of Texas for a total price of $250 million. To read the full news, click here.
GeoEye GEOY announced it has expanded its office in the Amsterdam World Trade Center to meet rapidly growing demand in western and eastern Europe for the world's highest resolution commercial satellite imagery. To read the full news, click here.
Canadian Pacific Railway Limited CP and U.S. Silica Holdings SLCA, today announced a multi-year agreement for the movement of frac sand from U.S. Silica's newest mining and processing facility in Sparta, Wisconsin. To read the full news, click here.

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