US Stock Futures Gain Ahead Of Manufacturing PMI, Auto Sales

Pre-open movers US stock futures traded higher in early pre-market trade, ahead of economic data. Data on motor vehicle sales for June will be released today. The Markit PMI manufacturing index (final) for June will be released at 9:45 a.m. ET, while the ISM manufacturing composite index for June and construction spending data for May will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average surged 41 points to 16,781.00, while the Standard & Poor's 500 index futures rose 4.60 points to 1,957.00. Futures for the Nasdaq 100 index climbed 11.50 points to 3,852.00. A Peek Into Global Markets European markets were higher today, with the Spanish Ibex Index gaining 0.38%, STOXX Europe 600 Index surging 0.51%. German DAX 30 index rose 0.31%, French CAC 40 Index surged 0.63% and London's FTSE 100 Index gained 0.53%. In Asian markets, Japan's Nikkei Stock Average rose 1.08%, China's Shanghai Composite Index surged 0.10% and India's BSE Sensex rose 0.40%. China's official manufacturing PMI surged to 51 in June, versus 50.8 in May, while the final reading of HSBC's manufacturing PMI rose to 50.7 in June, versus a final reading of 49.4 in May. Broker Recommendation Analysts at Jefferies upgraded iGATE IGTE from “hold” to “buy.” The target price for iGATE has been raised from $38 to $43. iGATE's shares closed at $36.39 yesterday. Breaking news

• Agenus AGEN, announced final results from a single-arm, multi-institutional, open-label, Phase 2 study showing that patients with newly diagnosed glioblastoma multiforme (GBM) who received Agenus' Prophage autologous cancer vaccine added to the standard of care treatment, lived nearly twice as long as expected. To read the full news, click here.
• Autodesk ADSK share proved volatile after hours Monday when it said second-quarter profits will fall well below Wall Street expectations. The business software company also told investors its chief financial officer will resign to take a similar position at Salesforce.com CRM. To read the full news, click here.
• Capital Senior Living CSU today announced that the Company has purchased three senior living communities located in Ohio from joint ventures in which it held a 10 percent interest for a purchase price of $83.6 million. To read the full news, click here.
• GE GE today announced that it has agreed to acquire Monsal, a private U.K.-based water, waste, advanced anaerobic digestion and integrated biogas-to-energy business. To read the full news, click here.