Market Overview

A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are higher this morning, as investors are awaiting Federal Reserve Chairman Ben Bernanke's speech in Jackson Hole. Futures for the Dow Jones Industrial Average surged 76 points to 13,058.00 and S&P 500 index futures rose 8.20 points to 1,405.30. Nasdaq 100 futures gained 20.50 points to 2,774.25.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index rose 0.77%, French CAC 40 index gained 1.36%. London's FTSE 100 Index moved up 0.66% and German DAX 30 index rose 1.26%.

Asian markets ended lower, with Japan's Nikkei Stock Average falling 1.60%, China's Shanghai Composite dropping 0.25% and Australia's S&P/ASX 200 moving down 0.03%. Hong Kong's Hang Seng index declined 0.36% and India's Sensex dipped 0.92%.

Broker Recommendation Analysts at Dahlman Rose upgraded Thompson Creek Metals Company (NYSE: TC) from “hold” to “buy.”

Thompson Creek shares gained 3.19% to $2.59 in pre-market trading.

Breaking news

  • Toyota Motor (NYSE: TM) has developed a power supply system that uses electricity generated within a fuel cell bus (FC bus) to supply electrical power to devices such as home electrical appliances. To read the full news, click here.
  • Rovi (NASDAQ: ROVI) and Hisense, a world leading CE manufacturer, today announced they are collaborating to integrate DivX Plus Streaming™ into a new range of Hisense Smart TVs. To read the full news, click here.
  • JinkoSolar Holding (NYSE: JKS) will work with EPC partner Solea Renewables to deliver a Limpopo province chrome mine with the first ever off-grid utility scale photovoltaic system in South Africa. To read the full news, click here.
  • Gold Fields Limited (NYSE: GFI) regrets to announce that employees of the East Section of the KDC Gold Mine (KDC) on the West Rand in South Africa have been engaging in an unlawful and unprotected strike since the start of the night shift on Wednesday, 29 August 2012. To read the full news, click here.

Posted-In: Dahlman Rose Federal Reserve Chairman Ben Bernanke US Stock FuturesNews Futures Global Pre-Market Outlook Markets

 

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