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 payrolls data. Futures for the Dow Jones Industrial Average surged 49 points to 14,377.00 and S&P 500 index futures rose 5.50 points to 1,542.80. Nasdaq 100 futures climbed 8 points to 2,799.25.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index surged 0.52%, London's FTSE 100 Index gained 0.42%, French CAC 40 Index rose 1% and German DAX 30 index surged 0.63%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average gaining 2.64%, China's Shanghai Composite falling 0.24% and Australia's S&P/ASX 200 gaining 0.28%. Hong Kong's Hang Seng Index surged 1.41% and India's Sensex climbed 1.37%.

Broker Recommendation Analysts at Piper Jaffray upgraded Pandora Media (NYSE: P) from “neutral” to “overweight.” The target price for Pandora has been raised from $11 to $17.

Pandora shares jumped 21.82% to $14.29 in pre-market trading.

Breaking news

  • Weatherford International (NYSE: WFT) announced that the audit committee of its board of directors approved the engagement of KPMG LLP as its independent registered public accounting firm for the year ending December 31, 2013. To read the full news, click here.
  • OrbusNeich Medical and its subsidiary, Orbus International BV today announced that they have commenced a patent infringement lawsuit in Ireland against Boston Scientific (NYSE: BSX) and two of its Irish subsidiaries. To read the full news, click here.
  • Exterran Holdings (NYSE: EXH) and Exterran Partners LP (NASDAQ: EXLP) today announced that Exterran Partners will acquire assets from Exterran Holdings for consideration valued at $174 million including customer contracts relating to the operation of approximately 259,000 horsepower of compressor units. To read the full news, click here.
  • Sycamore Networks (NASDAQ: SCMR) announced today that it has filed a certificate of dissolution with the Secretary of State of the State of Delaware, as contemplated by the Plan of Complete Liquidation and Dissolution previously approved by the Company's Board of Directors and stockholders. To read the full news, click here.

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

 

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