A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are mixed this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average gained 11 points to 14,420.00 and S&P 500 index futures fell 0.60 points to 1,548.70. Nasdaq 100 futures declined 2.25 points to 2,783.25. A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 0.54%, London's FTSE 100 Index dropped 0.73%, French CAC 40 Index declined 1.12% and German DAX 30 index fell 0.85%. Asian markets ended mixed, with Japan's Nikkei Stock Average jumping 1.34%, China's Shanghai Composite rising 0.30% and Australia's S&P/ASX 200 tumbling 0.12%. Hong Kong's Hang Seng Index fell 0.14% and India's Sensex tumbled 0.48%. Broker Recommendation Analysts at CLSA downgraded Oracle Corporation ORCL from “outperform” to “underperform.” The target price for Oracle has been lowered from $38 to $35. Oracle shares dropped 7.56% to $33.06 in pre-market trading. Breaking news

• Tessera Technologies TSRA today announced that it is refocusing its DigitalOptics Corporation business strategy to achieve the full potential of its differentiated imaging technology while reducing costs. To read the full news, click here.
• Anacor Pharmaceuticals ANAC today announced positive results from a Phase 2 dose-ranging trial (AN2728-AD-204) of its topical boron-based phosphodiesterase-4 (PDE-4) inhibitor, AN2728. To read the full news, click here.
• TowerJazz TSEM and Avago Technologies AVGO today announced an expanded strategic collaboration focusing on Avago's next generation products using TowerJazz's industry leading SiGe BiCMOS technology platform. To read the full news, click here.
• ReneSola SOL today announced it has signed a RMB320 million (approximately US$50.9 million) 15-year loan agreement with China Development Bank. To read the full news, click here.