US Stock Futures Up Ahead Of Retail Sales Data

Pre-open movers US stock futures surged in early pre-market trade, ahead of retail sales data. Retail sales data for July will be released at 8:30 a.m. ET, while data on business inventories will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average jumped 58 points to 15,445.00, while the Standard & Poor's 500 index futures gained 5.40 points to 1,692.50. Futures for the Nasdaq 100 index rose 10.75 points to 3,134.75. A Peek Into Global Markets European markets were higher today, with the Spanish Ibex Index rising 0.38%, London's FTSE 100 index surging 0.59% and STOXX Europe 600 Index rising 0.38%. German DAX 30 index gained 0.78% and French CAC 40 Index rose 0.33%. Industrial output in the euro-zone rose 0.7% in June from May, and gained 0.3% y/y. The annual rate of inflation in the UK declined to 2.8% in July, versus 2.9% in June. The Royal Institute of Chartered Surveyors said its house prices balance in the UK surged to +36 in July, versus +21 in June. The ZEW German economic sentiment indicator rose 5.7 points in August, versus economists' expectations for a 39.1 reading. Asian markets ended higher today. Japan's core machinery orders dropped 2.7% in June, versus economists' expectations for a 7.1% decline. Australian business sentiment declined to -3 in July, from a reading of 0 in June. China's Shanghai Composite gained 0.23%, while Japan's Nikkei Stock Average jumped 2.57%. Australia's ASX/S&P500 gained 0.94%, India's Sensex surged 1.49% and Hong Kong's Heng Seng Index jumped 1.21%. Broker Recommendation Analysts at Sterne Agee upgraded Rockwell Collins COL from “neutral” to “buy.” The target price for Rockwell Collins is set to $88. Rockwell Collins's shares closed at $73.33 yesterday. Breaking news

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