Market Overview

A Peek Into The Market Before The Trading Starts

A Peek Into The Market Before The Trading Starts
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UPDATE: Stifel Nicolaus Terminates Coverage on H.J. Heinz Company Following Acquisition

Pre-open movers US stock futures are mostly flat this morning, as investors are awaiting housing starts data. Futures for the Dow Jones Industrial Average dropped 7 points to 12,731.00 and S&P 500 index futures rose 1 point to 1,383.50. Nasdaq 100 futures gained 3.50 points to 2,589.00.

A Peek Into Global Markets European markets were mostly lower today. The STOXX Europe 600 Index fell 0.20%, London's FTSE 100 Index dropped 0.19%, French CAC 40 Index declined 0.16% and German DAX 30 index rose 0.06%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average falling 0.12%, China's Shanghai Composite dropping 0.40% and Australia's S&P/ASX 200 rising 0.57%. Hong Kong's Hang Seng Index declined 0.16% India's Sensex fell 0.05%.

Broker Recommendation Analysts at Raymond James downgraded Hewlett-Packard Co (NYSE: HPQ) from “outperform” to “market perform.”

Hewlett-Packard shares dropped 6.92% to $12.38 in pre-market trading.

Breaking news

  • H.J. Heinz Co (NYSE: HNZ) reported a rise in its second-quarter profit. To read the full news, click here.
  • UGI (NYSE: UGI) today announced that its subsidiary, Flaga GmbH, has reached a definitive agreement to acquire the liquefied petroleum gas (LPG) distribution business of BP (NYSE: BP) in Poland. To read the full news, click here.
  • Kirkland's (NASDAQ: KIRK) today announced that Robert Alderson, the Company's President and Chief Executive Officer, will take a temporary medical leave of absence, effective November 26, 2012. To read the full news, click here.
  • Amarin Corporation plc (NASDAQ: AMRN) announced today that the U.S. Patent and Trademark Office (USPTO) has issued a patent covering Amarin's Vascepa® (icosapent ethyl) capsules based on U.S. Patent Application Serial No. 13/284,408. To read the full news, click here.

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

 

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