A Peek Into The Market Before The Trading Starts - Acacia Research (NASDAQ:ACTG)

Pre-open movers

US stock futures are higher this morning, as investors are awaiting manufacturing data. Futures for the Dow Jones Industrial Average surged 70 points to 14,894.00 and S&P 500 index futures rose 6.50 points to 1,605.80. Nasdaq 100 futures gained 17 points to 2,918.25.

A Peek Into Global Markets

European markets were higher today. The STOXX Europe 600 Index gained 0.73%, London's FTSE 100 index climbed 0.40%, French CAC 40 Index surged 0.77% and German DAX 30 index rose 0.29%. Asian markets ended mostly higher, with Japan's Nikkei Stock Average jumping 1.28%, China's Shanghai Composite surging 0.81% and Australia's ASX/S&P500 falling 1.79%. India's Sensex surged 0.94%.

Broker Recommendation

Deutsche Bank downgraded BlackBerry

BBRY

from “hold” to “sell.” The target price for BlackBerry has been lowered from $8 to $6. BlackBerry's shares closed at $10.46 yesterday.

Breaking news

MAXIMUS MMS announced today that it has completed the acquisition of Health Management Limited, an independent provider of occupational health care services in the United Kingdom. To read the full news, click here.
Illumina ILMN today announced that it declared conformity with the requirements of the IVD Directive on June 26, 2013 and has applied the CE mark for the MiSeqDx Cystic Fibrosis System. To read the full news, click here.
Gentherm THRM announced today the reorganization of its global reporting structure to reflect the integration of its subsidiary, W.E.T. Automotive Systems AG. To read the full news, click here.
Acacia Research ACTG announced today that its Catheter Ablation Solutions LLC subsidiary has entered into settlement agreement with American Medical Systems.To read the full news, click here.

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