US Stock Futures Mixed; Jobs Report In Focus
US stock futures were mixed in early pre-market trade, ahead of jobs data. Data on nonfarm payroll employment for August will be released at 8:30 a.m. ET. Futures for the Dow Jones Industrial Average dropped 12 points to 14,905.00, while the Standard & Poor's 500 index futures rose 0.10 points to 1,653.10. Futures for the Nasdaq 100 index gained 3 points to 3,131.00.
A Peek Into Global Markets
European markets were mostly lower today, with the Spanish Ibex Index gaining 0.18%, London's FTSE 100 index falling 0.13% and STOXX Europe 600 Index dropping 0.10%. German DAX 30 index fell 0.22% and French CAC 40 Index declined 0.11%. German trade surplus narrowed to 14.5 billion euros ($19 billion) in July, from EUR15.8 billion in June. The country's exports of goods declined 1.1% in July, while imports rose 0.5%. French consumer sentiment increased to 84 in August, versus 82 in July. UK's trade deficit widened to 9.9 billion pounds ($15.45 billion) in July, from GBP8.2 billion in June.
Asian markets ended mostly higher today. China's Shanghai Composite rose 0.83%, while Japan's Nikkei Stock Average fell 1.45%. Australia's ASX/S&P500 gained 0.11%, Hong Kong's Hang Seng Index gained 0.10% and India's Sensex jumped 1.53%.
Analysts at Goldman Sachs upgraded E*TRADE Financial (NASDAQ: ETFC) from “neutral” to “buy.” The target price for E*TRADE Financial has been raised from $13.50 to $19.
E*TRADE Financial's shares closed at $15.55 yesterday.
- GasLog (NYSE: GLOG) today announced that it has signed a memorandum of agreement to acquire the STX Frontier, a 2010-built, 153,600 cubic meter LNG carrier from STX Pan Ocean LNG PTE. Ltd, a Singapore based company. To read the full news, click here.
- Banc of California (NASDAQ: BANC), the multi-bank holding company for Pacific Trust Bank and The Private Bank of California, today announced that its Board of Directors has approved changes to its previously announced share buyback program under Rule 10b-18 authorizing the Company to buy back, from time to time during the 12 months ending September 3, 2014, an aggregate amount representing up to 10% of the Company's currently outstanding common shares. To read the full news, click here.
- PNM Resources' (NYSE: PNM) New Mexico utility, PNM, praised a decision by the New Mexico Environmental Improvement Board approving a state plan that provides a new path forward for San Juan Generating Station to comply with federal environmental rules. To read the full news, click here.
- Baxter International (NYSE: BAX) today announced that the company has successfully completed the acquisition of Gambro AB, a privately held global medical technology company and leader in dialysis products based in Lund, Sweden. To read the full news, click here.
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