Pre-open movers
US stock futures are lower this morning, as the nation's debt ceiling talks failed to progress. Futures for the Dow Jones Industrial Average dipped 95 points to 12,526.00 and S&P 500 index futures fell 9.80 points to 1,330.20. Nasdaq 100 futures dropped 14.75 points to 2,413.25.
A Peek Into Global Markets
European markets were lower today. The STOXX Europe 600 Index dropped 0.22%, London's FTSE 100 Index moved down 0.16%, French CAC 40 index fell 0.24% and German DAX 30 index dropped 0.05%.
Most Asian markets ended lower, with Japan's Nikkei Stock Average gaining 1.22%, Australia's S&P/ASX 200 moving down 1.50% and China's Shanghai Composite dropping 2.96%. Hong Kong's Hang Seng Index fell 0.6750% and India's Sensex surged 0.80%.
Broker Recommendation
Analysts at Credit Suisse upgraded Mindray Medical International Limited MR from “neutral” to “outperform.” The target price for Mindray Medical has been raised from $29 to $32.
Mindray Medical shares fell 0.77% to close at $26.95 on Friday.
Breaking news
Market News and Data brought to you by Benzinga APIs- Baker Hughes Inc BHI reported a strong rise in its second-quarter net profit. Baker Hughes reported its quarterly net profit at $338 million, or $0.77 per share, up from $93 million, or $0.23 per share, in the year-ago period. To read the full news, click here.
- SORL Auto Parts, Inc. SORL today announced that the Company has entered into a supply agreement with a new customer, Changsha Zoomlion Heavy Industry Science & Technology Development Co., Ltd., China's leading manufacturer of construction machinery equipment. To read the full news, click here.
- Eaton Corp ETN reported better-than-expected quarterly profit on Monday and lifted its full-year outlook. To read the full news, click here.
- Validus Holdings, Ltd. VR earlier today commenced an Exchange Offer for all of the outstanding shares of common stock of Transatlantic Holdings, Inc. TRH. To read the full news, click here.
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