A Peek Into The Market Before The Trading Starts - Anheuser-Busch InBev (NYSE:BUD)

Pre-open movers

US stock futures are lower this morning, as investors are awaiting weekly jobless claims data. Futures for the Dow Jones Industrial Average tumbled 66 points to 13,890.00 and S&P 500 index futures fell 5.70 points to 1,511.40. Nasdaq 100 futures dropped 11.50 points to 2,758.75.

A Peek Into Global Markets

European markets were lower today. The STOXX Europe 600 Index fell 0.47%, London's FTSE 100 Index dropped 0.77%, German DAX 30 Index declined 1.16% and French CAC 40 Index fell 0.89%. Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 0.50% and Australia's S&P/ASX 200 Index gaining 0.65%. Hong Kong's Hang Seng Index gained 0.85% and India's Sensex dropped 0.57%.

Broker Recommendation

Analysts at RBC Capital downgraded Time Warner Cable

TWC

from “outperform” to “sector perform.” The target price for Time Warner Cable is set to $97. Time Warner Cable shares fell 1.21% to close at $86.76 yesterday.

Breaking news

Limoneira Company LMNR today announced that it has priced a public offering of 1,800,000 shares of its common stock at a public offering price of $18.50 per share, for total gross proceeds of approximately $33.3 million. To read the full news, click here.
Endeavour International Corporation END announced today that its Board of Directors has authorized the Company's management team to explore a broad range of strategic alternatives to further enhance shareholder value. To read the full news, click here.
Artio Global Investors ART, today announced that it has entered into an agreement and plan of merger with Aberdeen Asset Management PLC, a global asset management firm listed on the London Stock Exchange, pursuant to which Aberdeen will acquire Artio Global for $2.75 in cash per share. To read the full news, click here.
Anheuser-Busch InBev BUD and Constellation Brands STZ today announced a revised agreement that establishes Crown Imports as the #3 producer and marketer of beer in the U.S. through a complete divestiture of Grupo Modelo's U.S. business. To read the full news, click here.

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