Market Overview

A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are slightly higher this morning. Futures for the Dow Jones Industrial Average surged 12 points to 13,290.00 and S&P 500 index futures rose 1.30 points to 1,432.80. Nasdaq 100 futures climbed 4.75 points to 2,690.50.

A Peek Into Global Markets European markets were mostly higher today. The STOXX Europe 600 Index rose 0.09%, London's FTSE 100 Index gained 0.24%, French CAC 40 Index dropped 0.06% and German DAX 30 index rose 0.23%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 0.59%, China's Shanghai Composite gaining 0.39% and Australia's S&P/ASX 200 rising 0.23%. Hong Kong's Hang Seng Index rose 0.80% and India's Sensex dropped 0.16%.

Broker Recommendation Analysts at Piper Jaffray upgraded Take-Two Interactive Software (NASDAQ: TTWO) from “neutral” to “overweight.” The target price for Take-Two has been raised from $12 to $18.

Take-Two shares gained 1.96% to $13.02 in pre-market trading.

Breaking news

  • Magic Software Enterprises (NASDAQ: MGIC) announced today that it has signed a 3-year contract with a leading UK financial institution valued at approximately $1.5 million. To read the full news, click here.
  • CSC (NYSE: CSC) has reached a definitive agreement with Adcorp, South Africa's largest employment services company, for the sale of Paxus, its Australian IT staffing unit. To read the full news, click here.
  • Elan Corporation plc (NYSE: ELN) announced that, at an Extraordinary General Meeting (EGM) held earlier today, the sole ordinary resolution to approve the demerger of the Prothena Business was duly passed. To read the full news, click here.
  • Access Midstream Partners (NYSE: ACMP) today announced the commencement of an underwritten public offering of 13,750,000 common units representing limited partner interests of the Partnership. To read the full news, click here.

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

 

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