US Stock Futures Edge Lower Ahead Of Housing Data

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Pre-open movers
US stock futures traded lower in early pre-market trade, ahead of economic data. The FHFA house price index and the S&P/Case-Shiller home price index for April will be released at 9:00 a.m. ET. Data on new home sales for May, the Conference Board's consumer confidence index for June and the Richmond Fed manufacturing index for June will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 16 points to 16,824.00, while the Standard & Poor's 500 index futures fell 3.40 points to 1,949.60. Futures for the Nasdaq 100 index declined 6 points to 3,788.50.
A Peek Into Global Markets
European markets were mixed today, with the Spanish Ibex Index dropping 0.02%, STOXX Europe 600 Index declining 0.20%. German DAX 30 index rose 0.07%, French CAC 40 Index gained 0.10% and London's FTSE 100 Index dropped 0.13%. German IFO business climate index slipped to 109.7 in June, versus an unrevised reading of 110.4 in May. In Asian markets, Japan's Nikkei Stock Average rose 0.05%, Hong Kong's Hang Seng Index surged 0.33%, China's Shanghai Composite Index jumped 0.47% and India's BSE Sensex surged 1.35%.
Broker Recommendation
Analysts at Baird downgraded Integrys Energy Group
TEG
from “outperform” to “neutral.” The target price for Integrys Energy has been raised from $64 to $68. Integrys Energy's shares closed at $68.35 yesterday.
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Posted In: NewsEurozoneFuturesGlobalPre-Market OutlookMarketsBairdUS Stock Futures
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