A Peek Into The Market Before The Trading Starts - Baidu (NASDAQ:BIDU)

Pre-open movers

US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 66 points to 12,636.00 and S&P 500 index futures rose 8.50 points to 1,368.30. Nasdaq 100 futures gained 16.25 points to 2,549.25.

A Peek Into Global Markets

European markets were higher today. The STOXX Europe 600 Index rose 1.26%, London's FTSE 100 Index climbed 1.18%, French CAC 40 Index gained 1.62% and German DAX 30 index surged 1.61%. Asian markets ended higher, with Japan's Nikkei Stock Average rising 1.43%, China's Shanghai Composite gaining 0.11% and Australia's S&P/ASX 200 rising 0.52%. Hong Kong's Hang Seng Index surged 0.49% India's Sensex rose 0.16%.

Broker Recommendation

Analysts at Deutsche Bank upgraded Computer Sciences

CSC

from “hold” to “buy.” The target price for CSC has been raised from $38 to $46. CSC shares gained 0.12% to close at $34.47 on Friday.

Breaking news

Baidu BIDU today announced a collaboration with Qualcomm Technologies (QTI), a subsidiary of Qualcomm QCOM, involving the availability and promotion of Baidu cloud service on Android-based devices powered by Qualcomm Snapdragon™ processors. To read the full news, click here.
Lowe's Companies LOW reported a rise in its third-quarter profit. To read the full news, click here.
Dr. Reddy's Laboratories RDY announced today that it has launched Sildenafil Tablets (20 mg), a bioequivalent generic version of REVATIO® (Sildenafil) Tablets in the US market on November 16, 2012, following the approval by the United States Food & Drug Administration (USFDA) of Dr. Reddy's ANDA for Sildenafil Tablets. To read the full news, click here.
Commtouch CTCH today announced it acquired Berlin, Germany-based eleven GmbH. To read the full news, click here.

Market News and Data brought to you by Benzinga APIs