A Peek Into The Market Before The Trading Starts - Brookfield Asset Mgmt (NYSE:BAM)

Pre-open movers

US stock futures are higher this morning. Futures for the Dow Jones Industrial Average gained 27 points to 13,952.00 and S&P 500 index futures rose 2.70 points to 1,515.10. Nasdaq 100 futures climbed 4.25 points to 2,776.25.

A Peek Into Global Markets

European markets were mostly higher today. The STOXX Europe 600 Index fell 0.36%, London's FTSE 100 Index gained 0.32%, German DAX 30 Index rose 0.05% and French CAC 40 Index climbed 0.38%. Asian markets ended mostly lower, with Australia's S&P/ASX 200 Index dropping 0.18% and India's Sensex falling 0.12%.

Broker Recommendation

Analysts at Stifel Nicolaus downgraded U.S. Bancorp

USB

from “sell” to “hold.” The target price for U.S. Bancorp is set to $39. U.S. Bancorp shares gained 0.77% to $33.91in pre-market trading.

Breaking news

AMRI AMRI announced today that it has signed an exclusive license agreement with Chai Therapeutics, LLC for the development of ALB 109564(a), AMRI's novel tubulin inhibitor compound in late Phase I testing for the treatment of cancer. To read the full news, click here.
Brookfield Asset Management BAM today announced the acquisition of portfolio of 19 apartment communities with 4,892 units located in North Carolina, South Carolina and Virginia for a total of $414 million from Babcock & Brown Residential. To read the full news, click here.
Science Applications International Corporation (SAIC) SAI announced today it was awarded a prime contract by the United States Army to provide command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) rapid prototyping and technology insertion support to the Communications-Electronics Research Development & Engineering Center (CERDEC) Command, Power and Integration Directorate Prototyping, Integration and Testing Division. To read the full news, click here.
Life Technologies LIFE today announced that it has received U.S. Food and Drug Administration (FDA) 510(k) clearance for its 3500 Dx Genetic Analyzers and SeCore® HLA typing kits. To read the full news, click here.

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