A Peek Into The Market Before The Trading Starts - China Automotive Systems (NASDAQ:CAAS)

Pre-open movers

US stock futures moved up today. Futures on the Dow Jones Industrial Average gained 18 points to 11,380.00, while S&P 500 futures rose 1.50 points to 1,221.50. Nasdaq 100 futures moved up 6.75 points to 2,190.75.

A Peek Into Global Markets

Positive sentiments ruled the European markets today. While STOXX Europe 600 Index has advanced 0.75%, London's FTSE 100 Index moved up 0.79%. Asian markets ended in the negative territory, with Japan's Nikkei Stock Average losing 0.40%, Australia's S&P/ASX 200 moving down 0.71% and China's Shanghai Composite losing 0.78%.

Broker Recommendation

Citi Investment Research raised its price target on Liberty Interactive

LINTA

to $18.75 from $15.25, and it has a Buy rating. In a research report sent to clients, Citi writes, "Based upon our updated estimates and proposed re-attribution of the Time Warner exchangeables, we're increasing our target from $15.25 to $18.75 and reiterate our Buy rating." Shares of LINTA gained 11 cents yesterday to close at $15.39, a gain of 0.7%.

Breaking news

GMX Resources, Inc. GMXR announced on Tuesday morning that it missed consensus Wall Street estimates. To read the full news, click here.
China Automotive Systems, Inc. CAAS announced on Tuesday morning that it beat consensus Wall Street estimates. To read the full news, click here.
Arena Pharmaceuticals, Inc. ARNA released financial results on Tuesday morning that missed Wall Street earnings estimates but beat revenue expectations. To read the full news, click here.
Solarfun Power Holdings Co., Ltd. SOLF on Tuesday morning released financial. Solarfun Power Holdings Co Ltd, reported 3rd quarter net income per basic ADS on a non-GAAP basis of 69 cents. To read the full news, click here.

from Benzinga's Markets.

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