Market Overview

A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are slightly lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dropped 9 points to 13,940.00 and S&P 500 index futures fell 1.60 points to 1,516.90. Nasdaq 100 futures declined 2 points to 2,765.25.

A Peek Into Global Markets European markets were mixed today. The STOXX Europe 600 Index fell 0.02%, London's FTSE 100 Index gained 0.03%, German DAX 30 Index declined 0.11% and French CAC 40 Index rose 0.09%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average falling 1.18%, Australia's S&P/ASX 200 Index dropping 0.05%. Hong Kong's Hang Seng Index gained 0.13% and India's Sensex dropped 0.15%.

Broker Recommendation Analysts at UBS downgraded Public Storage (NYSE: PSA) from “neutral” to “sell.” The target price for Public Storage has been lowered from $155 to $143.

Public Storage shares rose 0.23% to $154.55 in after-hours trading.

Breaking news

  • Rogers Communications (NYSE: RCI) announced today that it has filed with the Toronto Stock Exchange a notice of its intention to renew its normal course issuer bid for its Class B Non-Voting shares for a further one-year period. To read the full news, click here.
  • Kraft Foods Group (NASDAQ: KRFT) reported a drop in its fourth-quarter net earnings. To read the full news, click here.
  • Pilgrim's Pride (NYSE: PPC) posted a profit in the fourth quarter. To read the full news, click here.
  • Brent crude oil dipped to $117.53 at 11:30 GMT on Friday after weak eurozone data signaled that the region's economy had a long road to recovery ahead. To read the full news, click here.

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

 

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