US Stock Futures Surge; All Eyes On Jobs Data

Pre-open movers

US stock futures traded higher in early pre-market trade. Data on nonfarm payroll employment for September and international trade for August will be released at 8:30 a.m. ET. The Markit PMI services index for September will be released at 9:45 a.m. ET, while the ISM non-manufacturing index for September will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average surged 57 points to 16,781.00, while the Standard & Poor's 500 index futures rose 8.10 points to 1,946.70. Futures for the Nasdaq 100 index gained 13.50 points to 3,991.50.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index dropping 0.48%, STOXX Europe 600 Index dropping 0.55%. German DAX 30 index fell 1.99%, French CAC 40 Index gained 0.45% and London's FTSE 100 Index surged 0.77%. In Asian markets, Japan's Nikkei Stock Average gained 0.30% and Hong Kong's Hang Seng Index gained 0.57%. .

Broker Recommendation

Analysts at Sterne Agee initiated coverage on Salesforce.com

CRM

with a Buy rating and a $70.00 price target. Salesforce.com's shares closed at $56.64 yesterday.

Breaking news

LINN Energy, LLC LINE and LinnCo, LLC LNCO announced today that LINN has signed a definitive agreement to sell its entire position in the Granite Wash and Cleveland plays located in the Texas Panhandle and western Oklahoma to privately held institutional affiliates of EnerVest, Ltd., for a contract price of $1.95 billion. To read the full news, click here.
WPX Energy WPX announced today that it expects to receive approximately $294 million for its international interests subject to the successful consummation of the definitive merger agreement entered into between privately held Pluspetrol Resources Corporation and Apco Oil and Gas International APAGF.The task order has a ceiling value of $25 million and a term of one base year and three option years. To read the full news, click here.
Apco Oil and Gas International APAGF today announced that it has entered into a definitive merger agreement with privately held Pluspetrol Resources Corporation. To read the full news, click here.
IAMGOLD IAG today announced that it has reached an agreement to sell its Niobec mine, one of the world's three niobium producers, to a group of companies led by Magris Resources Inc. for cash proceeds of $500 million after tax upon closing. To read the full news, click here.

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