A Peek Into The Market Before Today’s Trading (DELL, PAR, LOW, VED.L)

US Stock Futures dipped on Monday, in response to disappointing Q2 growth data from Japan and speculations of lower-than-expected New York manufacturing data. Futures on the S&P 500 fell 2.9 points to 1,073, the DJIA fell 16 points to 10,250, and the NASDAQ fell 1.25 points to 1,814. What’s Happening On The Global Front Patrick Honohan, Governor of the European Central Bank (ECB), said today that he sees “very little” of a double-dip recession in the US. He cites the examples of an improving European economy and the emergence of the Chinese economy. Honohan also commented on the Irish government’s bailout of the Anglo Irish Bank, which was “costly” to the government, but still “manageable.” Elsewhere, shares of miner Vedanta Resources PLC VED rallied 6% after the company announced plans to buy as much as 60% of oil producer Cairn India Ltd. for up to $9.6 billion in cash. Breaking News Dell DELL is buying storage manufacturer 3PAR Inc. PAR for $1.15 billion in cash, while paying an 86.5% premium. Read more about it here Lowe's Companies Inc LOW reports weaker than expected Q2 results. The company also plans to open new stores in the forthcoming quarter. LOW reported its Earnings Per Share (EPS) at $0.5, below the expected $0.59. The Q2 revenue figure, at $14.4 billion, fell short of the Street view of $14.52 billion. Read more at Hulu, the online television and movie provider, is about to go public. According to their analysts, this is expected to value the company at more than $2 billion. Hulu is planning an IPO this fall, and is expected to be the year’s major media offering. Hulu reported a profit of more than $100 million last year, and is on track to repeating this achievement. Read more at