US Stock Futures Edge Higher Ahead Of ADP Report

Pre-open movers US stock futures rose in early pre-market trade, ahead of economic data. The ADP national employment report will be released at 8:15 a.m. ET, while international trade data will be released at 8:30 a.m. ET. Data on new home sales and the ISM non-manufacturing index will be released at 10:00 a.m. ET. The Fed will release its Beige Book at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average surged 10 points to 15,901.00, while the Standard & Poor's 500 index futures rose 0.20 points to 1,791.60. Futures for the Nasdaq 100 index gained 3.50 points to 3,479.25. A Peek Into Global Markets European markets were mixed today, with the Spanish Ibex Index rising 0.23%, London's FTSE 100 index dropping 0.11% and STOXX Europe 600 Index declining 0.18%. German DAX 30 index gained 0.10% and French CAC 40 Index declined 0.11%. Asian markets ended mostly lower today. Japan's Nikkei Stock Average tumbled 2.17%, China's Shanghai Composite gained 1.31%, Hong Kong's Hang Seng Index declined 0.76% and India's BSE Sensex dropped 0.7%. Australia's GDP grew 0.6% in the third quarter versus the second quarter. Broker Recommendation Analysts at Goldman Sachs downgraded Citigroup C from “conviction buy” to “neutral.” The target price for Citigroup has been raised from $58 to $60. Citigroup's shares closed at $52.13 yesterday. Breaking news

• JPMorgan Chase JPM today announced that it has reached a €79,897,000 settlement with the European Commission regarding the conduct of two former traders during a one-month period in early 2007 related to Yen LIBOR rates. To read the full news, click here.
• Seadrill Partners SDLP announced today that it priced its offering of 11,200,000 common units representing liability company interests in a public offering at a price of $29.50 per common unit. To read the full news, click here.
• The Medicines Company MDCO today announced that it has acquired Rempex Pharmaceuticals, a company with multiple potential new therapies focused on multi-drug resistant gram-negative bacteria. To read the full news, click here.
• The Walt Disney Company China and BesTV New Media Company Limited, the digital media subsidiary of the Shanghai Media Group (SMG), today announced they have signed definitive agreements for the formation of a new joint venture that will place viewers at the forefront of China's fast-changing digital landscape. To read the full news, click here.