Market Overview

A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are slightly lower this morning. Futures for the Dow Jones Industrial Average dropped 21 points to 13,029.00 and S&P 500 index futures fell 3 points to 1,403.00. Nasdaq 100 futures declined 6 points to 2,768.50.

A Peek Into Global Markets European markets were mostly higher today. The STOXX Europe 600 Index rose 0.21%, French CAC 40 index dropped 0.27%. London's FTSE 100 Index moved down 0.20% and German DAX 30 index rose 0.68%.

Asian markets ended lower, with Japan's Nikkei Stock Average falling 1.09%, China's Shanghai Composite dropping 0.29% and Australia's S&P/ASX 200 moving down 0.64%. Hong Kong's Hang Seng index declined 1.47% and India's Sensex dipped 0.80%.

Broker Recommendation Analysts at Deutsche Bank upgraded Williams-Sonoma (NYSE: WSM) from “hold” to “buy.” The target price for Williams-Sonoma has been raised from $38 to $48.

Williams-Sonoma shares gained 0.49% to close at $41.22 yesterday.

Breaking news

  • Boeing (NYSE: BA) projects that China will need 5,260 new commercial airplanes valued at $670 billion over the next 20 years. To read the full news, click here.
  • Western Refining (NYSE: WNR) and Glencore International announced today that two of their subsidiary companies, (York River Fuels, LLC and Glencore LTD) have entered into a long-term commercial supply and trading agreement. To read the full news, click here.
  • LyondellBasell (NYSE: LYB) today announced that affiliates of Apollo Management Holdings L.P. have priced a public offering of 17.5 million ordinary shares of LyondellBasell at a price to the public of $46.94 per share. To read the full news, click here.
  • L & L Energy (NASDAQ: LLEN) has acquired the existing operations of GuangYeh Coal Sales Co. To read the full news, click here.

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

 

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