A Peek Into The Market Before The Trading Starts

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Pre-open movers
US stock futures are mostly flat this morning. Futures for the Dow Jones Industrial Average dropped 2 points to 13,170.00 and S&P 500 index futures fell 0.10 points to 1,402.30. Nasdaq 100 futures gained 1 point to 2,722.00.
A Peek Into Global Markets
European markets were mixed today. The STOXX Europe 600 Index dropped 0.04%, French CAC 40 index rose 0.46%. London's FTSE 100 Index moved down 0.07% and German DAX 30 index rose 0.26%. Asian markets ended mostly lower, with Japan's Nikkei Stock Average falling 0.07%, China's Shanghai Composite dropping 1.51% and Australia's S&P/ASX 200 moving up 0.16%. Hong Kong's Hang Seng index declined 0.27% and India's Sensex gained 0.43%.
Broker Recommendation
Analysts at Morgan Stanley upgraded Google
GOOG
from “equal-weight” to “overweight.” The target price for Google has been raised to $775. Google shares gained 1.64% to $652.50 in pre-market trading.
Breaking news
  • MagnaChip Semiconductor MX today announced that its Board of Directors approved an extension of its existing stock repurchase program through October 27, 2013. To read the full news, click here.
  • Eagle Rock Energy Partners EROC announced today that it has commenced, subject to market conditions, an underwritten public offering of 8,000,000 of its common units representing limited partner interests. To read the full news, click here.
  • Visteon VC today announced that Don Stebbins stepped down as chairman, chief executive officer and president of the company on Friday, Aug. 10. To read the full news, click here.
  • Ascent Solar Technologies ASTI announced today it has launched a charger for the Samsung® Galaxy S III® smart phone featuring Ascent's ultra light CIGS technology. To read the full news, click here.
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Posted In: NewsFuturesGlobalPre-Market OutlookMarketsMorgan StanleyUS Stock Futures
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