Market Overview

US Stock Futures Rise Ahead Of Economic Data

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US Stock Futures Rise Ahead Of Economic Data
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Pre-open movers

US stock futures traded higher in early pre-market trade. Data on retail sales and import price index for April will be released at 8:30 a.m. ET. Data on business inventories for March will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average jumped 40.50 points to 18,069.50, while the Standard & Poor's 500 index futures rose 5.45 points to 2,100.45. Futures for the Nasdaq 100 index gained 15.45 points to 4,436.20.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 0.59 percent, STOXX Europe 600 Index surging 0.71 percent and German DAX 30 index gaining 0.57 percent. French CAC 40 Index jumped 1.12 percent and London's FTSE 100 Index rose 0.48 percent.

In Asian markets, Japan's Nikkei Stock Average rose 0.71 percent, China's Shanghai Composite Index slipped 0.58 percent, Hong Kong's Hang Seng Index declined 0.58 percent and India's BSE Sensex jumped 1.39 percent.

Broker Recommendation
Analysts at Deutsche Bank upgraded Microsoft Corporation (NASDAQ: MSFT) from Hold to Buy and raises the price target from $44.00 to $55.00.

Microsoft shares rose 1.39 percent to $48.01 in pre-market trading.

Breaking news

  • Precision Castparts Corp. (NYSE: PCP) reported weaker-than-expected earnings for the fiscal fourth quarter, but the company's sales exceeded analysts' estimates. To read the full news, click here.
  • BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX) today announced the initiation of a Phase 1 clinical trial to evaluate the safety, pharmacokinetics and pharmacodynamics of orally-administered BCX7353 in healthy volunteers. To read the full news, click here.
  • McKesson Corporation (NYSE: MCK) reported stronger-than-expected earnings for the fourth quarter. To read the full news, click here.
  • Hortonworks Inc (NASDAQ: HDP) reported a narrower-than-expected loss for the first quarter on Tuesday. 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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