Market Overview

A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are mostly flat in early pre-market trade, ahead of key economic data. The ADP national employment report and GDP growth data will be released today. The FOMC will also announce its policy decision today. Futures for the Dow Jones Industrial Average dropped 5 points to 15,488.00, while the Standard & Poor's 500 index futures rose 0.60 points to 1,685.30. Futures for the Nasdaq 100 index gained 1.75 points to 3,087.25.

A Peek Into Global Markets European markets were mostly lower today, with the Spanish Ibex Index falling 0.83%, London's FTSE 100 index gaining 0.59% and STOXX Europe 600 Index dropping 0.10%. German DAX 30 index declined 0.29% and French CAC 40 Index fell 0.41%. The euro-zone unemployment rate came in at 12.1% in June, versus expectations for a 12.2% reading. German jobless claims declined by 7,000 on the month in July, after a revised 13,000 drop in June. French consumer spending fell 0.8% in June versus May.

Asian markets ended mostly lower today. China's Shanghai Composite surged 0.19%, while Japan's Nikkei Stock Average dipped 1.45%. Australia's ASX/S&P500 gained 0.19%, India's Sensex tumbled 0.01% and Hong Kong's Heng Seng Index fell 0.32%.

Broker Recommendation Analysts at Citigroup downgraded Health Management Associates (NYSE: HMA) from “buy” to “neutral.” The target price for Health Management Associates is set to $15.

Health Management Associates shares closed at $13.30 yesterday.

Breaking news

  • Humana (NYSE: HUM) reported an 18% rise in its second-quarter profit and lifted its full-year outlook. Humana's quarterly net income surged to $420 million, or $2.63 per share, from $356 million, or $2.16 per share, in the year-ago period. To read the full news, click here.
  • Manchester United Football Club (NYSE: MANU) today announced a multi-year regional sponsorship agreement with PepsiCo (NYSE: PEP) in Asia-Pacific. To read the full news, click here.
  • Comcast (NASDAQ: CMCSA) reported a 29% rise in its second-quarter profit. Comcast's quarterly earnings surged to $1.7 billion, or $0.65 per share, versus $1.35 billion, or $0.50 per share, in the year-ago period. To read the full news, click here.
  • Acacia Research (NASDAQ: ACTG) announced today that its Express Card Systems LLC subsidiary has entered into a settlement agreement with Hewlett-Packard Company (NYSE: HPQ). To read the full news, click here.

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

 

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