Market Overview

A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are mixed this morning, as investors are awaiting a speech by Fed Chairman Ben Bernanke. Futures for the Dow Jones Industrial Average gained 7 points to 13,440.00 and S&P 500 index futures rose 1.30 points to 1,468.50. Nasdaq 100 futures dropped 9.75 points to 2,734.00.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index rose 0.05%, London's FTSE 100 Index gained 0.10%, German DAX 30 Index surged 0.50% and French CAC 40 Index rose 0.48%.

Asian markets ended higher, with China's Shanghai Composite jumping 3.06% and Australia's S&P/ASX 200 Index gaining 0.25%. Hong Kong's Hang Seng Index gained 0.64% and India's Sensex surged 1.23%.

Broker Recommendation Analysts at Deutsche Bank upgraded Facebook (NASDAQ: FB) from “hold” to “buy.” The target price for Facebook has been raised from $24 to $40.

Facebook shares gained 2.77% to $32.60 in pre-market trading.

Breaking news

  • Orange has signed a strategic partnership – on an exclusive basis – with Baidu (NASDAQ: BIDU), the Chinese internet company, to develop a co-branded internet browser for smartphone customers in Africa, the Middle East and Asia (AMEA). To read the full news, click here.
  • Hologic (NASDAQ: HOLX) today announced that the U.S. Food and Drug Administration (FDA) has cleared for marketing its APTIMA Trichomonas vaginalis Assay on the Company's fully-automated PANTHER System. To read the full news, click here.
  • United Parcel Service (NYSE: UPS) announced today the European Commission (EC) has informed UPS and TNT Express that it is working on a decision to prohibit the proposed acquisition of TNT Express. To read the full news, click here.
  • Level 3 Communications BV, an affiliate of Level 3 Communications (NYSE: LVLT), today announced that the company has signed a contract with the NATO Communications and Information Agency (NCIA) to install and maintain an IP Virtual Private Network (VPN) to be used by the NATO-Russia Council Cooperative Airspace Initiative (NRC CAI). To read the full news, click here.

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

 

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