A Peek Into The Market Before The Trading Starts
Pre-open movers US stock futures are higher this morning, as investors are awaiting weekly jobless claims data. Futures for the Dow Jones Industrial Average surged 48 points to 13,069.00 and S&P 500 index futures rose 6.70 points to 1,412.00. Nasdaq 100 futures gained 16.75 points to 2,667.25.
A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index rose 0.52%, London's FTSE 100 Index gained 0.21%, French CAC 40 Index climbed 0.58% and German DAX 30 index rose 0.55%.
Asian markets ended mostly higher, with Japan's Nikkei Stock Average surging 1.13%, China's Shanghai Composite dropping 0.68% and Australia's S&P/ASX 200 rising 0.06%. Hong Kong's Hang Seng index gained 0.21% and India's Sensex gained 0.29%.
Broker Recommendation Analysts at Bernstein upgraded Honeywell International (NYSE: HON) from “market perform” to “outperform.” The target price for Honeywell has been raised from $72 to $76.
Honeywell shares gained 1.20% to $61.75 in pre-market trading.
- Hess (NYSE: HES) announced today it has agreed to terms for the sale of its interest in the Beryl area fields and the Scottish Area Gas Evacuation System (SAGE) to Royal Dutch Shell for $525 million. To read the full news, click here.
- Kohlberg Kravis Roberts (NYSE: KKR) today announced the opening of KKR's Singapore Office affirming KKR's commitment to Asia. To read the full news, click here.
- UTStarcom Holdings (NASDAQ: UTSI) today announced the appointment of Mr. Sean Shao as an independent director to UTStarcom's Board of Directors, effective October 25, 2012. To read the full news, click here.
- Ball (NYSE: BLL) reported a better-than-expected third-quarter profit. To read the full news, click here.
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