US Stock Futures Down Ahead Of Trade Data

Pre-open movers US stock futures fell in early pre-market trade, ahead of the international trade data. Data on international trade for June will be released at 8:30 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 30 points to 15,524.00, while the Standard & Poor's 500 index futures fell 3 points to 1,699.50. Futures for the Nasdaq 100 index dropped 1.75 points to 3,134.25. A Peek Into Global Markets European markets were mixed today, with the Spanish Ibex Index rising 0.21%, London's FTSE 100 index dropping 0.24% and STOXX Europe 600 Index gaining 0.01%. German DAX 30 index declined 0.18% and French CAC 40 Index rose 0.11%. UK retail sales increased 3.9% in July, while industrial production rose 1.1% in June from May. Italian GDP contracted 2.0% y/y in the second quarter, while the country's industrial output dropped 2.1% in June y/y. Asian markets ended mostly lower following the Reserve Bank of Australia's rate decision. The RBA lowered its interest rate by a quarter percentage point to 2.5%. China's Shanghai Composite surged 0.49%, while Japan's Nikkei Stock Average gained 1%. Australia's ASX/S&P500 dropped 0.11%, India's Sensex dipped 2.34% and Hong Kong's Heng Seng Index tumbled 1.34%. Broker Recommendation Analysts at Canaccord Genuity upgraded Volcano VOLC from “hold” to “buy.” The target price for Volcano has been raised from $21 to $26. Volcano's shares closed at $20.62 yesterday. Breaking news

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