Market Overview

A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are lower this morning. Futures for the Dow Jones Industrial Average tumbled 17 points to 12,505.00 and S&P 500 index futures fell 1.50 points to 1,349.80. Nasdaq 100 futures dropped 2.50 points to 2,519.50.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index dropped 0.24%, London's FTSE 100 Index fell 0.57%, French CAC 40 Index gained 0.02% and German DAX 30 index dropped 0.61%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average gaining 2.20%, China's Shanghai Composite falling 0.77% and Australia's S&P/ASX 200 dropping 0.24%. Hong Kong's Hang Seng index gained 0.24% and India's Sensex dropped 0.88%.

Broker Recommendation Analysts at Citigroup upgraded Roper Industries (NYSE: ROP) from “neutral” to “buy.” The target price for Roper Industries has been raised from $112 to $130.

Roper Industries shares gained 0.64% to close at $107.69 yesterday.

Breaking news

  • Graphic Packaging Holding Company (NYSE: GPK) today announced an agreement to acquire Contego Cartons, a leading food and consumer product packaging company based in the United Kingdom. To read the full news, click here.
  • JA Solar (NASDAQ: JASO) today announced that it will change the ratio of its American Depositary Shares to ordinary shares from one (1) ADS representing one (1) ordinary share to one ADS representing five (5) ordinary shares, effective on December 10, 2012. To read the full news, click here.
  • Acacia Research (NASDAQ: ACTG) announced today that the Company's Board of Directors has authorized a program for repurchases of shares of the Company's outstanding common stock. To read the full news, click here.
  • InterOil (NYSE: IOC) is pleased to have been notified by the Prime Minister Hon. Peter O'Neill that the National Executive Council (NEC) of Papua New Guinea has approved InterOil's LNG development project in the Gulf Province. To read the full news, click here.

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

 

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