Market Overview

A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are higher this morning, as investors are awaiting consumer prices and industrial production data. Futures for the Dow Jones Industrial Average surged 43 points to 13,137.00 and S&P 500 index futures rose 4.30 points to 1,416.20. Nasdaq 100 futures climbed 3.75 points to 2,650.75.

A Peek Into Global Markets European markets were mixed today. The STOXX Europe 600 Index rose 0.07%, London's FTSE 100 Index gained 0.02%, French CAC 40 Index declined 0.12% and German DAX 30 index rose 0.30%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average falling 0.05%, China's Shanghai Composite jumping 4.32% and Australia's S&P/ASX 200 rising 0.05%. Hong Kong's Hang Seng Index rose 0.71% and India's Sensex climbed 0.46%.

Broker Recommendation Analysts at JMP Securities upgraded Adobe Systems (NASDAQ: ADBE) from “underperform” to “outperform.” The target price for Adobe has been raised from $26 to $42.

Adobe shares gained 5.99% to $37.66 in after-hours trading.

Breaking news

  • Dr. Reddy's Laboratories Limited (NYSE: RDY), together with its subsidiaries, launches the recommended public offer to acquire all the issued and outstanding shares of OctoPlus NV, a service-based specialty pharmaceutical company, at an offer price of EUR 0.52 (cum dividend) per share. To read the full news, click here.
  • PPG Industries (NYSE: PPG) today announced that it has reached a definitive agreement to acquire the North American architectural coatings business of AkzoNobel, N.V., Amsterdam, in a deal valued at $1.05 billion. To read the full news, click here.
  • Acacia Research (NASDAQ: ACTG) announced today that its Gametek LLC subsidiary has entered into a license and settlement agreement with The Playforge, LLC, Playforge Games LLC, Playforge Games II LLC, Saban Brands LLC and Saban Properties LLC. To read the full news, click here.
  • IRIDEX (NASDAQ: IRIX) announced today the final results of its tender offer to purchase up to 487,500 shares of its common stock at a purchase price of $4.10 per share, which expired at 5:00 p.m., New York City time, on Friday, December 7, 2012. To read the full news, click here.

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

 

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