A Peek Into The Market Before The Trading Starts - Colgate-Palmolive (NYSE:CL)

Pre-open movers

US stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average gained 26 points to 12,851.00 and S&P 500 index futures rose 2.80 points to 1,357.60. Nasdaq 100 futures climbed 7 points to 2,579.50.

A Peek Into Global Markets

European markets were mixed today. The STOXX Europe 600 Index rose 0.25%, French CAC 40 index rose 0.85%. London's FTSE 100 Index moved down 0.13% and German DAX 30 index dipped 0.17%. Asian markets ended higher, with Japan's Nikkei Stock Average rising 1.46%, China's Shanghai Composite gaining 0.13% and Australia's S&P/ASX 200 moving up 1.45%. Hong Kong's Hang Seng index gained 2.02% and India's Sensex jumped 1.30%.

Broker Recommendation

Analysts at Deutsche Bank downgraded Colgate-Palmolive Co

from “buy” to “hold.” The target price for Colgate-Palmolive has been raised from $105 to $110. Colgate-Palmolive shares gained 4.04% to close at $106.38 yesterday.

Breaking news

Overland Storage OVRL announced that the U.S. International Trade Commission has released the public version of the Initial Determination in the infringement action filed by Overland Storage against IBM IBM, Dell DELL and BDT. To read the full news, click here.
A123 Systems AONE announced that Dr. Paul E. Jacobs, chairman of the board and chief executive officer of Qualcomm Incorporated, has resigned from A123's Board of Directors, effective July 23, 2012. To read the full news, click here.
Trimble TRMB announced today that it will supply more than 500 Trimble® NetR9™ GNSS reference station receivers to the Geospatial Information Authority of Japan, part of the Ministry of Land, Infrastructure, Transport and Tourism, to modernize its nationwide GeoNet GNSS-based network. To read the full news, click here.
Celestica CLS announced that it has agreed to acquire D&H Manufacturing Company, based in Fremont, California, a leading manufacturer of precision machined components and assemblies, primarily for the semiconductor capital equipment market. To read the full news, click here.

Market News and Data brought to you by Benzinga APIs