US Stock Futures Edge Lower Ahead Of Wholesale Trade Data

Pre-open moversUS stock futures traded slightly lower in early pre-market trade, ahead of wholesale trade data. Data on wholesale trade for March will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average dropped 14 points to 16,496.00, while the Standard & Poor's 500 index futures fell 2.20 points to 1,870.10. Futures for the Nasdaq 100 index slipped 7 points to 3,530.50.A Peek Into Global Markets European markets were lower today, with the Spanish Ibex Index falling 0.96%, STOXX Europe 600 Index declining 0.32%. German DAX 30 index fell 0.23%, French CAC 40 Index tumbled 0.53% and London's FTSE 100 Index dropped 0.31%. Italian industrial output dropped 0.5% in March from February, while UK's manufacturing output climbed 1.4% in January to March. German exports declined 1.8% on the month in March, while imports slipped 0.9%.In Asian markets, Japan's Nikkei Stock Average surged 0.25%, Hong Kong's Hang Seng Index rose 0.12%, China's Shanghai Composite Index fell 0.21% and India's BSE Sensex jumped 2.91%. China's consumer price index climbed 1.8% y/y in April.Broker RecommendationAnalysts at Raymond James upgraded DISH Network (NASDAQ: DISH) from “underperform” to “market perform.”DISH Network's shares closed at $60.14 yesterday. Breaking news

• ArcelorMittal (NYSE: MT) reported a narrower net loss in its first quarter. ArcelorMittal posted a quarterly net loss of $205 million, or $0.12 per share, versus a year-ago net loss of $345 million, or $0.21 per share. To read the full news, click here.
• Tuniu (NASDAQ: TOUR) today announced that it has priced its initial public offering of 8,000,000 American Depositary Shares, each representing three Class A ordinary shares of the Company, at US$9.00 per ADS for a total offering size of approximately US$72.0 million, assuming the underwriters do not exercise their option to purchase additional ADSs. To read the full news, click here.
• GasLog (NYSE: GLOG) today announced that it has ordered two new 174,000 cubic meter LNG carriers from Samsung Heavy Industries Co (OTC: SSNLF) in South Korea. To read the full news, click here.
• Apple (NASDAQ: AAPL) is in talks to acquire Beats Electronics, according to a Financial Times report from Thursday afternoon. To read the full news, click here.