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US Stock Futures Up Ahead Of Housing Data

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US Stock Futures Up Ahead Of Housing Data
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Pre-open movers

US stock futures traded higher in early pre-market trade, ahead of housing data. The NAHB housing market index for August will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average surged 80 points to 16,711.00, while the Standard & Poor's 500 index futures rose 9.40 points to 1,961.80. Futures for the Nasdaq 100 index gained 19 points to 4,004.00.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index gaining 0.87%, STOXX Europe 600 Index rising 0.94%. German DAX 30 index surged 1.36%, French CAC 40 Index climbed 1.01% and London's FTSE 100 Index gained 0.67%.

In Asian markets, Japan's Nikkei Stock Average jumped 0.03% and China's Shanghai Composite Index gained 0.57%.

Broker Recommendation
Analysts at Deutsche Bank upgraded KapStone Paper and Packaging (NYSE: KS) from Hold to Buy. The target price for KapStone Paper and Packaging has been raised from $26.00 to $36.00.

KapStone Paper and Packaging's shares dropped 0.59% to close at $30.16 on Friday.

Breaking news

  • Ericsson signs five-year managed services contract with leading Croatian operator Hrvatski Telekom, a member of the Deutsche Telekom Group ()TC: DTEGY) Ericsson will support Hrvatski Telekom in raising the quality and efficiency of its network Hrvatski Telekom, a member of the Deutsche Telekom Group and the leading provider of telecommunications services in Croatia, has selected Ericsson (NASDAQ: ERIC) as its partner in the construction and maintenance of telecommunications infrastructure. To read the full news, click here.
  • Dollar General (NYSE: DG) today announced it has made a proposal to acquire Family Dollar Stores, Inc. (NYSE: FDO) for $78.50 per share in cash, in a transaction valued at $9.7 billion. To read the full news, click here.
  • China Mobile Games and Entertainment Group (NASDAQ: CMGE) announced that effective today, Mr. Shuling Ying has been appointed as our new chief operating officer ("COO"). To read the full news, click here.
  • Bitauto Holdings (NYSE: BITA) today announced that it has entered into an agreement to establish a joint venture ("JV") company, with China Yong Da Automobiles Services Holdings Limited ("Yong Da Group"), one of China's leading automotive dealership groups, and Youxinpai (Beijing) Information Technology Co., Ltd. ("UXIN"), a leading professional electronic auction service provider for used cars in China. To read the full news, click here.

Posted-In: Deutsche Bank US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets

 

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