Market Overview

A Peek Into The Market Before The Trading Starts

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A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average surged 71 points to 13,028.00 and S&P 500 index futures rose 8.10 points to 1,415.20. Nasdaq 100 futures gained 18.25 points to 2,678.75.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index rose 0.78%, London's FTSE 100 Index gained 0.89%, French CAC 40 Index surged 0.91% and German DAX 30 index rose 0.78%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 0.99%, China's Shanghai Composite dropping 0.51% and Australia's S&P/ASX 200 gaining 0.62%. Hong Kong's Hang Seng Index climbed 0.99% and India's Sensex jumped 1.75%.

Broker Recommendation Analysts at Goldman Sachs upgraded Research In Motion Limited (NASDAQ: RIMM) from “neutral” to “buy.” The target price for Research In Motion has been raised from $9 to $16.

Research In Motion shares gained 6.31% to $11.80 in pre-market trading.

Breaking news

  • AvalonBay Communities (NYSE: AVB) announced Wednesday the pricing of a public offering of 14,500,000 shares of common stock at $130.00. To read the full news, click here.
  • Research In Motion (NASDAQ: RIMM) today announced updates to its developer ecosystem programs, including BlackBerry(R) Dev Alpha test devices, the 10k developer commitment, updated tools and more. To read the full news, click here.
  • Pramerica Fosun Life Insurance Company Ltd. (PFL), a 50/50 joint venture between Fosun International Limited and Prudential Financial (NYSE: PRU) marked the start of its operations with a grand opening ceremony in Shanghai today. To read the full news, click here.
  • Steinway & Sons, a subsidiary of Steinway Musical Instruments (NYSE: LVB), today announced that it has been informed by the Antitrust Commission of the Swiss Confederation (WEKO) that WEKO has initiated an investigation into Swiss dealers of Steinway & Sons and into Steinway & Sons Hamburg due to alleged violations of unfair competitive behavior in the distribution of grand and upright pianos. To read the full news, click here.

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

 

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