US Stock Futures Rise Ahead Of ADP Report

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Pre-open movers
US stock futures traded higher in early pre-market trade. The ADP employment report for July will be released at 8:15 a.m. ET, while international trade report for June will be released at 8:30 a.m. ET. The services PMI for July will be released at 9:45 a.m. ET, while the ISM non-manufacturing index for July will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average climbed 56.5 points to 17,510.5, while the Standard & Poor's 500 index futures rose 12.15 points to 2,095.15. Futures for the Nasdaq 100 index gained 29.15 points to 4,580.90.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rising 0.74 percent, STOXX Europe 600 Index surging 0.97 percent and German DAX 30 index climbing 1.28 percent. French CAC 40 Index jumped 1.27 percent and London's FTSE 100 Index rose 0.50 percent. In Asian markets, Japan's Nikkei Stock Average rose 0.46 percent, Hong Kong's Hang Seng Index gained 0.44 percent, China's Shanghai Composite Index slipped 1.65 percent and India's BSE Sensex gained 0.54 percent.
Broker Recommendation
Analysts at Deutsche Bank downgraded
Hyatt Hotels CorporationH
from Buy to Hold and lowered the price target from $66.00 to $62.00. Hyatt Hotels shares dipped 2.81 percent to close at $53.97 yesterday.
Breaking news
  • DISH Network Corp DISH reported better-than-expected results for the second quarter on Wednesday. To read the full news, click here.
  • Cognizant Technology Solutions Corp CTSH reported stronger-than-expected results for the second quarter. To read the full news, click here.
  • Quanta Services, Inc. PWR today announced that its board of directors has authorized the company to repurchase, from time to time through February 28, 2017, up to $1.25 billion in shares of its outstanding common stock. To read the full news, click here.
  • Time Warner Inc TWX reported upbeat results for the second quarter on Wednesday. To read the full news, click here.
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Posted In: NewsEurozoneFuturesGlobalPre-Market OutlookMarketsDeutsche BankUS Stock Futures
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