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 economic data. Futures for the Dow Jones Industrial Average surged 17 points to 14,376.00 and S&P 500 index futures rose 0.90 points to 1,541.60. Nasdaq 100 futures gained 2 points to 2,773.50.
A Peek Into Global Markets
European markets were mostly lower today. The STOXX Europe 600 Index fell 0.18%, London's FTSE 100 Index gained 0.09%, French CAC 40 Index declined 0.10% and German DAX 30 index fell 0.08%. Asian markets ended mostly lower, with Japan's Nikkei Stock Average dipping 2.35%, China's Shanghai Composite gaining 0.17% and Australia's S&P/ASX 200 rising 0.08%. Hong Kong's Hang Seng Index fell 0.50% and India's Sensex tumbled 0.30%.
Broker Recommendation
Analysts at Deutsche Bank downgraded Kohl's
KSS
from “hold” to “sell.” The target price for Kohl's has been lowered from $42 to $41. Kohl's shares dropped 0.71% to close at $46.43 yesterday.
Breaking news
  • TripAdvisor TRIP today announced it has acquired Tiny Post (tinypost.co), the highly acclaimed app that lets you write over photos and turn them into stories. To read the full news, click here.
  • Simcere Pharmaceutical Group SCR today announced that the Chinese SFDA has issued its approval for GMP certification of the influenza vaccine production facility at Jiangsu Simcere Vaxtec Bio-Pharmaceutical Co., Ltd, a subsidiary in which the Company holds a 52.5% equity interest. To read the full news, click here.
  • Fiesta Restaurant Group FRGI, the owner, operator, and franchisor of the Pollo Tropical® and Taco Cabana® fast-casual restaurant brands, today announced the pricing of a secondary public offering of 2,900,000 shares of common stock at a price of $24.25 per share. To read the full news, click here.
  • Marin Software Incorporated MRIN today announced the pricing of its initial public offering of 7,500,000 shares of common stock at $14.00 per share. To read the full news, click here.
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Posted In: NewsFuturesGlobalPre-Market OutlookMarketsDeutsche BankUS Stock Futures
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