A Peek Into The Market Before The Trading Starts

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Pre-open movers
US stock futures are higher this morning, as investors are awaiting the ISM index. Futures for the Dow Jones Industrial Average surged 28 points to 14,144.00 and S&P 500 index futures rose 3 points to 1,528.70. Nasdaq 100 futures climbed 7.50 points to 2,767.50.
A Peek Into Global Markets
European markets were higher today. The STOXX Europe 600 Index surged 1.20%, London's FTSE 100 Index gained 0.72%, French CAC 40 Index rose 1.13% and German DAX 30 index surged 1.56%. Asian markets ended higher, with Japan's Nikkei Stock Average gaining 0.27%, China's Shanghai Composite surging 2.33% and Australia's S&P/ASX 200 rising 1.19%. Hong Kong's Hang Seng Index gained 0.10% and India's Sensex climbed 1.40%.
Broker Recommendation
Analysts at BMO Capital downgraded Cliffs Natural Resources
CLF
from “outperform” to “market perform.” The target price for Cliffs Natural has been lowered from $50 to $27. Cliffs Natural shares rose 0.08% to $23.80 in after-hours trading.
Breaking news
  • MarketAxess Holdings MKTX has completed its previously announced acquisition of Xtrakter Limited, a leading provider of regulatory transaction reporting, financial market data and trade matching services to the European securities markets. To read the full news, click here.
  • From the International Hotel Investment Forum (IHIF) in Berlin, Starwood Hotels & Resorts Worldwide HOT today announced plans to open 50 new hotels in Europe over the next five years, increasing its European hotel portfolio by 30%. To read the full news, click here.
  • Akamai Technologies AKAM announced today that eLynx Technologies is using Akamai Terra Enterprise Solutions to provide performance optimization for the company's SCADALynx™ technology. To read the full news, click here.
  • Oncolytics Biotech ONCY today announced that it has completed patient enrollment in a Phase 2 clinical trial evaluating intravenous administration of REOLYSIN® in combination with paclitaxel and carboplatin in patients with non-small cell lung cancer (NSCLC) with Kras or EGFR-activated tumours (REO 016). To read the full news, click here.
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Posted In: NewsFuturesGlobalPre-Market OutlookMarketsBMO CapitalUS Stock Futures
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