US Stock Futures Up 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 December will be released at 11:00 a.m. ET. Futures for the Dow Jones Industrial Average surged 46 points to 17,772.00, while the Standard & Poor's 500 index futures rose 5.30 points to 2,065.20. Futures for the Nasdaq 100 index climbed 16.75 points to 4,279.75.
A Peek Into Global Markets
European markets were mostly lower today, with the Spanish Ibex Index falling 1.06%, STOXX Europe 600 Index dropping 0.23%. German DAX 30 index slipped 0.44%, French CAC 40 Index fell 0.32% and London's FTSE 100 Index surged 0.43%. In Asian markets, Japan's Nikkei Stock Average rose 2.39%, Hong Kong's Hang Seng Index surged 1.25%, China's Shanghai Composite Index climbed 1.67% and India's Sensex rose 0.90%.
Broker Recommendation
Analysts at Imperial Capital upgraded
Ryanair HoldingsRYAAY
from In-line to Outperform. The price target for Ryanair Holdings has been raised from $60.00 to $85.00. Ryanair Holdings' shares closed at $67.62 yesterday.
Breaking news
  • CareTrust REIT, Inc. CTRE today announced that it has acquired Prelude at Woodbury, an upscale memory care facility in Woodbury, Minnesota, a Minneapolis suburb, for $7.2 million. To read the full news, click here.
  • Sorrento Therapeutics, Inc. SRNE and Conkwest, Inc., a privately-held immuno-oncology company developing proprietary Neukoplast, a Natural Killer (NK) cell-line based therapy, announced today that the companies have entered into a definitive agreement to jointly develop next generation CAR-TNK immunotherapies for the treatment of cancer. To read the full news, click here.
  • Coeur Mining, Inc. CDE announced today an initial resource estimate for its high-grade underground Independencia silver-gold deposit, located approximately 800 meters east of the Guadalupe underground mine currently in production at Coeur's Palmarejo silver-gold mine in Chihuahua, Mexico. To read the full news, click here.
  • BioAmber Inc. BIOA, an industrial biotechnology company producing sustainable chemicals, today announced it has repaid the $25 million loan that it secured in June 2013 and secured a new debt facility with funds managed by Tennenbaum Capital Partners, LLC. To read the full news, click here.
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Posted In: NewsEurozoneFuturesGlobalPre-Market OutlookMarketsimperial capitalUS Stock Futures
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