US Stock Futures Rise Ahead Of Earnings

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Pre-open movers
US stock futures traded higher in early pre-market trade. The Kansas City Fed manufacturing index for November will be released at 11:00 a.m. ET. Futures for the Dow Jones Industrial Average climbed 114 points to 17,808.00, while the Standard & Poor's 500 index futures jumped 13 points to 2,065.10. Futures for the Nasdaq 100 index gained 29.50 points to 4,274.50.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rose 2.28%, STOXX Europe 600 Index gaining 1.54%. German DAX 30 index jumped 1.85%, French CAC 40 Index climbed 1.92% and London's FTSE 100 Index rose 0.96%. In Asian markets, Japan's Nikkei Stock Average rose 0.33%, Hong Kong's Hang Seng Index climbed 0.37%, China's Shanghai Composite Index jumped 1.39% and India's Sensex rose 0.95%.
Broker Recommendation
Analysts at Evercore ISI downgraded EBay
EBAY
from Hold to Sell and lowered the price target from $52.00 to $49.00. EBay shares fell 0.40% to $54.32 in pre-market trading.
Breaking news
  • Nexstar Broadcasting Group, Inc. NXST (“Nexstar” or “the Company”) announced today that it entered into a definitive agreement to acquire the equity interests and assets of KLAS-TV, the CBS affiliate serving the Las Vegas, Nevada market for $145.0 million plus working capital from Landmark Media Enterprises, LLC (“Landmark”). To read the full news, click here.
  • China Mobile Limited CHL is expected to reach the 70 million TD-LTE subscribers mark by the end of 2014, having already surpassed its original goal of 50 million, according to industry sources, as reported by DigiTimes. To read the full news, click here.
  • Starwood Hotels & Resorts Worldwide HOT today announced it has sold Sheraton® on the Park in Sydney, Australia to Sunshine Insurance Group Corporation (SIG) for AUS$463.0 million [US$399.0 million]. To read the full news, click here.
  • Lexicon Pharmaceuticals LXRX today announced the pricing of its previously announced underwritten public offering of $50,000,000 of shares of its common stock pursuant to an effective shelf registration statement. To read the full news, click here.
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Posted In: NewsEurozoneFuturesGlobalPre-Market OutlookMarketsBiotechnologyEvercore ISIHealth CareUS Stock Futures
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