Market Overview

US Stock Futures Edge Lower Ahead Of Jobless Claims Report

US Stock Futures Edge Lower Ahead Of Jobless Claims Report
Related ZMH
Brean Capital Cashes Out Of Zimmer Holdings, Downgrades Stock On 'Uncertainty'
Benzinga's Top Downgrades
Related LEN
Homebuilders Under Pressure After Housing Market Index Hits 8-Month Low
Benzinga's Top Upgrades, Downgrades For July 11, 2017

Pre-open movers

US stock futures traded slightly lower in early pre-market trade. Data on weekly jobless claims and the current account for the fourth quarter will be released at 8:30 a.m. ET. The general conditions index of the Philadelphia Fed's Business Outlook Survey for March and the Conference Board's index of leading indicators for February will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average declined 13.50 points to 17,975.50, while the Standard & Poor's 500 index futures fell 1.55 points to 2,090.95. Futures for the Nasdaq 100 index fell 0.25 points to 4,420

A Peek Into Global Markets

European markets were mostly higher today, with the Spanish Ibex Index rising 0.71%, STOXX Europe 600 Index gaining 0.57% and German DAX 30 index dropping 0.03%. French CAC 40 Index gained 0.04% and London's FTSE 100 Index rose 0.13%.

In Asian markets, Japan's Nikkei Stock Average slipped 0.35%, Hong Kong's Hang Seng Index rose 1.45%, China's Shanghai Composite Index gained 0.14% and India's BSE Sensex slipped 0.53%. Japanese exports rose 2.4% y/y in February, while imports slipped 3.6%.

Broker Recommendation
Analysts at Jefferies downgraded Zimmer Holdings, Inc. (NYSE: ZMH) from Buy to Hold. The price target for is set to $131.00.

Zimmer Holdings shares rose 3.41% to close at $119.21 yesterday.

Breaking news

  • Shares of Lennar Corp. (NYSE: LEN) rose around 2% in pre-market trading after the company reported stronger-than-expected earnings for the first quarter. To read the full news, click here.
  • Coronado Biosciences, Inc. (NASDAQ: CNDO) announced today the execution of an exclusive license agreement with NeuPharma, Inc. to develop and commercialize novel irreversible, 3rd Generation EGFR inhibitors on a worldwide basis outside of certain Asian countries. To read the full news, click here.
  • Sigma-Aldrich Corporation (NASDAQ: SIAL) announced today it signed an exclusive global distribution agreement with Roche (OTC: RHHBY). To read the full news, click here.
  • Amicus Therapeutics (NASDAQ: FOLD) today announced that it has met very recently with regulatory authorities in Europe and the U.S. to discuss the approval pathways for the oral small molecule pharmacological chaperone migalastat HCl as a precision medicine monotherapy for Fabry patients who have amenable genetic mutations. To read the full news, click here.

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


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