Market Overview

US Stock Futures Edge Higher Ahead Of Jobless Claims Report

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Pre-open movers

US stock futures traded higher in early pre-market trade, ahead of economic data. Data on weekly jobless claims and import prices for July will be released at 8:30 a.m. ET. Futures for the Dow Jones Industrial Average surged 15 points to 16,634.00, while the Standard & Poor's 500 index futures rose 1.80 points to 1,946.50. Futures for the Nasdaq 100 index gained 4 points to 3,949.75.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index gaining 0.02%, STOXX Europe 600 Index rising 0.35%. German DAX 30 index surged 0.44%, French CAC 40 Index climbed 0.45% and London's FTSE 100 Index gained 0.50%. Germany's economy shrank 0.2% in the three months to June. Germany's economy contracted 0.2% in the second quarter.

In Asian markets, Japan's Nikkei Stock Average jumped 0.66%, Hong Kong's Hang Seng Index dropped 0.36%, China's Shanghai Composite Index fell 0.74% and India's Sensex surged 0.71%. India's wholesale price index climbed 5.19% y/y in July.

Broker Recommendation
Analysts at Williams Capital Group upgraded Sotheby's (NYSE: BID) from Underperform to Market Perform. The target price for Sotheby's has been raised from $37.00 to $38.00.

Sotheby's shares surged 1.92% to close at $38.15 yesterday.

Breaking news

  • Shares of Wal-Mart Stores (NYSE: WMT) tumbled more than 1% in pre-market trading after the company lowered its full-year earnings forecast. To read the full news, click here.
  • Keurig Green Mountain (Keurig) (NASDAQ: GMCR) announced today a price increase of up to 9% on all portion packs sold by Keurig for use in its Keurig® brewing systems and on all its traditional bagged, fractional packs, and bulk coffee products. To read the full news, click here.
  • NRG Energy (NYSE: NRG) and Goal Zero, a leader in providing personal solar products, have reached an agreement that will bring the rapidly growing consumer products company into the NRG family of companies. To read the full news, click here.
  • Elbit Imaging (NASDAQ: EMITF) announced today that at its annual general meeting of shareholders held today, the Company's shareholders approved all of the proposals on the agenda, including authorization to effect a reverse share split. To read the full news, click here.

Posted-In: US Stock Futures williams capital groupNews Eurozone Futures Pre-Market Outlook Markets

 

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