Market Overview

US Stock Futures Up Ahead Of Economic Data

US Stock Futures Up Ahead Of Economic Data
Related CNW
Thursday Morning's Top Earnings Reports
Earnings Scheduled For October 28, 2015
Related HNR
15 Stocks Moving In Monday's Pre-Market Session
Morning Market Gainers

Pre-open movers

US stock futures gained in early pre-market trade, ahead of economic data. The Empire State manufacturing index and nonfarm business productivity data will be released at 8:30 a.m. ET. The Markit PMI manufacturing index (flash) for December will be released at 8:58 p.m. ET, while industrial production data for November will be released at 9:15 a.m. ET. Futures for the Dow Jones Industrial Average surged 65 points to 15,766.00, while the Standard & Poor's 500 index futures rose 7.40 points to 1,775.90. Futures for the Nasdaq 100 index gained 14.25 points to 3,467.50.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 1.55%, London's FTSE 100 index gaining 0.48% and STOXX Europe 600 Index rising 0.65%. German DAX 30 index surged 1.33% and French CAC 40 Index rose 0.83%. Euro-zone composite PMI surged to 52.1 in December from 51.7. Euro-zone trade surplus rose to 17.2 billion euros ($23.62 billion) in October, from 9.6 billion euro surplus in the year-ago period.

Asian markets ended lower today. Japan's Nikkei Stock Average tumbled 1.62%, China's Shanghai Composite dropped 1.60%, Hong Kong's Hang Seng Index fell 0.56% and India's BSE Sensex tumbled 0.27%.

Broker Recommendation

Analysts at Deutsche Bank downgraded Con-Way (NYSE: CNW) from “buy” to “hold.” The target price for Con-Way has been lowered from $46 to $45.

Con-Way's shares closed at $39.75 on Friday.

Breaking news

  • Harvest Natural Resources (NYSE: HNR) today announced that it and its wholly-owned subsidiary, HNR Energia BV, have entered into a Share Purchase Agreement with Petroandina Resources Corporation NV and Pluspetrol Resources Corporation BV to sell, in two separate transactions, all of the Company's interests in Venezuela, for an aggregate of $400.0 million in cash. To read the full news, click here.
  • AerCap Holdings (NYSE: AER) today announced that it has entered into a definitive agreement with American International Group (NYSE: AIG) under which AerCap will acquire 100% of the common stock of International Lease Finance Corporation ("ILFC"), a wholly-owned subsidiary of AIG. To read the full news, click here.
  • LightInTheBox Holding (NYSE: LITB) today announced that its Board of Directors has authorized a share repurchase program to repurchase up to $20 million worth of its outstanding American Depositary Shares representing its ordinary shares through December 15, 2014. To read the full news, click here.
  • Wi-LAN (NASDAQ: WILN) has entered into a patent assignment agreement with Panasonic (OTC: PCRFY) under which Panasonic will assign to Collabo Innovations Inc., a new WiLAN subsidiary, certain patents from Panasonic Automotive & Industrial Systems Co., one of Panasonic's internal companies. To read the full news, click here.

Posted-In: Deutsche Bank US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets


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