Market Overview

US Stock Futures Surge Ahead Of Earnings, Economic Data

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US Stock Futures Surge Ahead Of Earnings, Economic Data

Pre-open movers

US stock futures traded higher in early pre-market trade, ahead of earnings from several companies. Data on weekly jobless claims will be released at 8:30 a.m. ET, while the pending home sales for December will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average jumped 62 points to 17,162.00, while the Standard & Poor's 500 index futures rose 5.60 points to 1,997.20. Futures for the Nasdaq 100 index jumped 6.75 points to 4,131.00.

A Peek Into Global Markets

European markets were mostly lower today, with the Spanish Ibex Index falling 0.25%, STOXX Europe 600 Index declining 0.20% and German DAX 30 index dropping 0.18%. French CAC 40 Index gained 0.06% and London's FTSE 100 Index fell 0.51%. German unemployment rate shrank to 6.5% in January, versus 6.6% in December.

In Asian markets, Japan's Nikkei Stock Average fell 1.06%, Hong Kong's Hang Seng Index declined 1.07%, China's Shanghai Composite Index slipped 1.31% and India's BSE Sensex surged 0.41%. Japanese retail sales climbed 0.2% y/y in December.

Broker Recommendation
Analysts at Atlantic Equities downgraded Microsoft Corporation (NASDAQ: MSFT) from Neutral to Underweight and lowered the price target from $45.00 to $40.00.

Microsoft's shares fell 0.22% to $41.10 in pre-market trading.

Breaking news

  • Time Warner Cable Inc. (NYSE: TWC) reported weaker-than-expected earnings for the fourth quarter. To read the full news, click here.
  • Qualcomm, Inc. (NASDAQ: QCOM) reported better-than-expected quarterly earnings. However, the company cut its outlook on the loss of prospective sales to a large customer as well as competition in China. To read the full news, click here.
  • Lombard Medical (NASDAQ: EVAR) today announced the successful completion of a live EVAR case using Aorfix Endovascular Stent Graft during the 11th annual Leipzig Interventional Course (LINC) 2015. To read the full news, click here.
  • BGC Partners (NASDAQ: BGCP) today re-affirmed its commitment to the all-cash tender offer to acquire all of the outstanding shares of GFI Group Inc. (NYSE: GFIG) for $6.10 per share. To read the full news, click here.

Posted-In: Atlantic Equities US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets

 

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