Market Overview

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Pre-open movers US stock futures are lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dropped 43 points to 13,041.00 and S&P 500 index futures fell 5.20 points to 1,402.00. Nasdaq 100 futures declined 10.75 points to 2,770.50.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index declined 0.39%, French CAC 40 index dropped 0.52%. London's FTSE 100 Index moved down 0.16% and German DAX 30 index fell 0.79%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average falling 0.95%, China's Shanghai Composite dropping 0.03% and Australia's S&P/ASX 200 moving down 0.94%. Hong Kong's Hang Seng index declined 1.19% and India's Sensex gained 0.29%.

Broker Recommendation Analysts at Deutsche Bank downgraded Louisiana-Pacific (NYSE: LPX) from “buy” to “hold.” The target price for Louisiana-Pacific has been raised from $12 to $14.

Louisiana-Pacific shares dropped 1.19% to close at $13.28 yesterday.

Breaking news

  • Amazon.com (NASDAQ: AMZN) today announced the launch of its Amazon Appstore in the U.K., Germany, France, Italy and Spain, giving European customers access to Amazon's broad selection of quality Android apps with the convenience of shopping on Amazon from their Android phones and tablets. To read the full news, click here.
  • CIBC (NYSE: CM) announced today that it has reached an agreement to acquire Griffis & Small, LLC, a Houston-based energy advisory firm specializing in acquisitions and divestitures (A&D) in the exploration and production (E&P) sector. To read the full news, click here.
  • Orion Marine Group (NYSE: ORN) today announced a contract award of approximately $10 million. To read the full news, click here.
  • Gleacher & Company (NASDAQ: GLCH) announced today that it has retained a financial advisor to assist it in exploring and evaluating strategic alternatives for the Company. To read the full news, click here.

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

 

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