US Stock Futures Edge Higher Ahead Of Consumer Price Index - Microvision (NASDAQ:MVIS), Medtronic (NYSE:MDT)

Pre-open movers

US stock futures traded slightly higher in early pre-market trade, ahead of economic data. The Federal Open Market Committee will begin its two-day meeting today. The consumer price index and housing starts data for May will be released at 8:30 a.m. ET. Futures for the Dow Jones Industrial Average surged 11 points to 16,713.00, while the Standard & Poor's 500 index futures rose 0.80 points to 1,930.00. Futures for the Nasdaq 100 index gained 3.75 points to 3,776.25.

A Peek Into Global Markets

European markets were mostly higher today, with the Spanish Ibex Index rising 0.16%, STOXX Europe 600 Index gaining 0.06%. German DAX 30 index rose 0.12%, French CAC 40 Index surged 0.08% and London's FTSE 100 Index gained 0.03%. Annual rate of inflation in the UK fell to 1.5% in May, versus 1.8%. In Asian markets, Japan's Nikkei Stock Average rose 0.29%, Hong Kong's Hang Seng Index dropped 0.42%, China's Shanghai Composite Index tumbled 0.92% and India's BSE Sensex jumped 1.31%.

Broker Recommendation

Analysts at RBC Capital upgraded Medtronic

MDT

from “sector perform” to “outperform.” The target price for Medtronic has been raised from $61 to $73. Medtronic's shares closed at $60.03 yesterday.

Breaking news

MicroVision MVIS today announced it entered into a $4.5 million At-the-Market (ATM) equity offering agreement with Meyers Associates, L.P. (doing business as Brinson Patrick, a division of Meyers Associates, L.P.), or Brinson Patrick, on June 16, 2014. To read the full news, click here.
Novartis NVS announced today the submission of a Biologic License Application (BLA) to the US Food and Drug Administration (FDA) for marketing approval for the use of Bexsero® (Multicomponent Meningococcal Group B Vaccine [recombinant, adsorbed]) to help protect against invasive meningococcal disease caused by serogroup B (meningitis B) in adolescents and young adults from 10 years through 25 years of age. To read the full news, click here.
QIWI QIWI announced today the pricing of a previously announced underwritten public offering of 7,973,330 of its Class B Shares represented by American Depositary Shares, of which 1,993,330 Class B Shares represented by ADSs will be issued and sold by the Company and 5,980,000 Class B Shares represented by ADSs will be sold by certain of its shareholders, at a price to the public of $40.00 per ADS.To read the full news, click here.
Xoom XOOM has partnered with Punjab National Bank (PNB), to roll out instant bank deposit services to bank accounts in India using the revolutionary IMPS platform. To read the full news, click here.

Market News and Data brought to you by Benzinga APIs