A Peek Into The Market Before The Trading Starts

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Pre-open movers
US stock futures are lower this morning, after China's growth data. Futures for the Dow Jones Industrial Average dropped 55 points to 14,729.00 and S&P 500 index futures fell 8.40 points to 1,573.00. Nasdaq 100 futures declined 12.75 points to 2,832.50.
A Peek Into Global Markets
European markets were lower today. The STOXX Europe 600 Index fell 1.04%, London's FTSE 100 Index dropped 1.15%, French CAC 40 Index declined 1.02% and German DAX 30 index fell 1%. Asian markets ended mostly lower, with Japan's Nikkei Stock Average falling 1.15%, China's Shanghai Composite dropping 1.13% and Australia's S&P/ASX 200 dropping 0.98%. Hong Kong's Hang Seng fell 1.43% and India's Sensex rose 0.63%.
Broker Recommendation
Analysts at Bank of America downgraded Infosys Limited
INFY
from “buy” to “neutral.” The target price for Infosys has been lowered to $44.80. Infosys shares closed at $43.10 on Friday.
Breaking news
  • Thermo Fisher Scientific TMO and Life Technologies LIFE have signed a definitive agreement under which Thermo Fisher will acquire Life Technologies for $76.00 in cash per fully diluted common share, or approximately $13.6 billion, plus the assumption of net debt at close ($2.2 billion as of year end 2012). To read the full news, click here.
  • Teleflex TFX has announced that it has been awarded a new agreement for its line of regional anesthesia products with HealthTrust, a healthcare group purchasing organization. To read the full news, click here.
  • DISH Network DISH today announced that it has submitted a merger proposal to the Board of Directors of Sprint Nextel S for a total cash and stock consideration of $25.5 billion. To read the full news, click here.
  • IMAX IMAX and Cinepolis, one of the world's largest exhibition circuits, today announced an agreement to install five IMAX® theatres in existing multiplexes across Mexico. To read the full news, click here.
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Posted In: NewsFuturesGlobalPre-Market OutlookMarketsBank of AmericaUS Stock Futures
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