A Peek Into The Market Before The Trading Starts - JPMorgan Chase (NYSE:JPM)

Pre-open movers

US stock futures are mixed this morning. Futures for the Dow Jones Industrial Average dropped 7 points to 12,406.00 and S&P 500 index futures fell 1.20 points to 1,290.50. Nasdaq 100 futures gained 0.50 points to 2,379.00.

A Peek Into Global Markets

European markets were higher today. The STOXX Europe 600 Index rose 0.47%, London's FTSE 100 Index moved up 0.15%, French CAC 40 index rose 1.06% and German DAX 30 index surged 0.41%. Asian markets ended mostly higher, with Japan's Nikkei Stock Average surging 1.36%, China's Shanghai Composite declining 1.34% and Australia's S&P/ASX 200 moving up 0.40%. Hong Kong's Hang Seng Index rose 0.57% and India's Sensex gained 0.73%.

Broker Recommendation

Analysts at Jefferies & Company downgraded Metabolix Inc

MBLX

from “buy” to “hold.” The target price for Metabolix has been lowered from $9 to $4. Metabolix shares tumbled 37.56% to $3.74 in after-hours trading.

Breaking news

W&T Offshore Inc WTI announced today that it has closed the exchange offer relating to its 8.500% Senior Notes Due 2019. To read the full news, click here.
Seattle Genetics Inc SGEN today announced updates to the U.S. Prescribing Information for ADCETRIS™ (brentuximab vedotin). To read the full news, click here.
J.P. Morgan Chase & Co JPM reported a decline in its fourth-quarter net profit on Friday. To read the full news, click here.
Jingwei International Limited JNGW today announced that Mr. Yong Xu will resign from his post as Chief Financial Officer effective January 13, 2012 to pursue another career opportunity. To read the full news, click here.

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