Market Overview

US Stock Futures Up Ahead Of Factory-Orders Data

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Pre-open movers

US stock futures gained in early pre-market trade, ahead of factory-orders data. Data on factory orders for December will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average surged 34 points to 15,326.00, while the Standard & Poor's 500 index futures rose 5.90 points to 1,738.70. Futures for the Nasdaq 100 index gained 7.25 points to 3,437.25.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index falling 0.10%, London's FTSE 100 index dropping 0.40% and STOXX Europe 600 Index declining 0.44%. German DAX 30 index fell 1.03% and French CAC 40 Index declined 0.25%. Spanish jobless claims rose by 113,097 to 4.8 million in January. Euro-zone producer prices surged 0.2% in December from November.

Asian markets ended mostly lower today. Japan's Nikkei Stock Average tumbled 4.18%, Hong Kong's Hang Seng Index dipped 2.89% and India's BSE Sensex gained 0.01%. Hong Kong's retail sales climbed 5.7% y/y in December.

Broker Recommendation

Analysts at Credit Suisse downgraded Helmerich & Payne (NYSE: HP) from “neutral” to “underperform.” The price target for Helmerich & Payne is set to $75.

Helmerich & Payne's shares closed at $86.27 yesterday.

Breaking news

  • Toyota Motor (NYSE: TM) reported a rise in its third-quarter net profit. To read the full news, click here.
  • Herbalife (NYSE: HLF) today announced the pricing of its offering of $1 billion aggregate principal amount of convertible senior notes due 2019 in a private offering to qualified institutional buyers, pursuant to Rule 144A under the Securities Act of 1933, as amended. To read the full news, click here.
  • ARM Holdings PLC (NASDAQ: ARMH) posted a loss in the fourth quarter. To read the full news, click here.
  • Centene (NYSE: CNC) reported a strong rise in its fourth-quarter profit. Centene's quarterly net earnings surged to $53.2 million, or $0.93 per share, versus a year-ago profit of $9.1 million, or $0.17 per share. To read the full news, click here.

Posted-In: Credit Suisse US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets

 

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