A Peek Into The Market Before The Trading Starts
Pre-open movers US stock futures are lower this morning. Futures for the Dow Jones Industrial Average tumbled 115 points to 14,596.00 and S&P 500 index futures fell 13.40 points to 1,570.70. Nasdaq 100 futures dropped 17.25 points to 2,847.75.
A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index tumbled 1.47%, London's FTSE 100 index dropped 1.68%, French CAC 40 Index declined 1.82% and German DAX 30 index fell 1.15%.
Asian markets ended lower, with Japan's Nikkei Stock Average falling 1.26%, China's Shanghai Composite dropping 5.30% and Australia's ASX/S&P500 falling 1.54%. Hong Kong's Hang Seng Index declined 2.22% and India's Sensex tumbled 1.24%.
Broker Recommendation Analysts at Piper Jaffray upgraded PVH (NYSE: PVH) from “neutral” to “overweight.” The target price for PVH has been raised from $124 to $141.
PVH's shares closed at $121.00 on Friday.
- Tenet Healthcare (NYSE: THC) and Vanguard Health Systems (NYSE: VHS) have signed a definitive agreement whereby Tenet will acquire Vanguard for $21 per share in an all cash transaction. To read the full news, click here.
- A Chinese steel producer placed an order with Siemens Metals Technologies (NYSE: SI) for the supply of two Arvedi ESP (Endless Strip Production) lines. To read the full news, click here.
- IHS (NYSE: IHS), the leading global source of critical information and analytics, today announced it has acquired Intellichem, a strategic company that will strengthen IHS Chemical business in Latin America. To read the full news, click here.
- Mechel OAO (NYSE: MTL) announced the Federal Subsoil Resources Management Agency approved the revised schedule for the works under the subsoil license agreement for development of the Elga coal deposit. To read the full news, click here.
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