US Stock Futures Surge; Fed Decision In Focus

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Pre-open movers
US stock futures traded higher in early pre-market trade. The consumer price index for November and the US current account report for the third quarter will be released at 8:30 a.m. ET. The Federal Open Market Committee is scheduled to announce its policy decision at 2:00 p.m. ET, while the Fed Chairwoman Janet Yellen will hold a press conference at 2:30 p.m. ET. Futures for the Dow Jones Industrial Average jumped 68 points to 17,075.00, while the Standard & Poor's 500 index futures rose 8.90 points to 1,974.00. Futures for the Nasdaq 100 index climbed 18.50 points to 4,101.75.
A Peek Into Global Markets
European markets were lower today, with the Spanish Ibex Index falling 1.33%, STOXX Europe 600 Index dropping 0.63%. German DAX 30 index slipped 0.75%, French CAC 40 Index declined 0.60% and London's FTSE 100 Index fell 0.77%. In Asian markets, Japan's Nikkei Stock Average rose 0.38%, Hong Kong's Hang Seng Index tumbled 0.37%, China's Shanghai Composite Index climbed 1.31% and India's Sensex slipped 0.27%.
Broker Recommendation
Analysts at Barclays upgraded VeriFone Systems
PAY
from Equal-weight to Overweight. The price target for VeriFone has been raised from $36 to $47. VeriFone's shares closed at $34.34 yesterday.
Breaking news
  • Coeur Mining CDE today announced it has entered into a merger agreement under which Coeur has agreed to acquire all of the outstanding shares of Paramount Gold and Silver PZG in an all-stock transaction valued at $146 million. To read the full news, click here.
  • RedHill Biopharma RDHL today announced that the first patients have been enrolled in the Phase III clinical study of RHB-102 (BEKINDA™) for acute gastroenteritis and gastritis (the GUARD study), inflammations of the gastrointestinal tract which cause, among other symptoms, nausea and vomiting. To read the full news, click here.
  • Royal Philips PHG and Volcano VOLC today announced that they have entered into a definitive merger agreement. To read the full news, click here.
  • Joy Global JOY posted better-than-expected fiscal fourth-quarter earnings. To read the full news, click here.
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Posted In: NewsEurozoneFuturesGlobalPre-Market OutlookMarketsBarclaysUS Stock Futures
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