Market Overview

US Stock Futures Flat Ahead Of Economic Data

US Stock Futures Flat Ahead Of Economic Data

Pre-open movers

US stock futures traded mostly flat in early pre-market trade. Data on weekly jobless claims, retail sales for May and import price index for May will be released at 8:30 a.m. ET. Data on business inventories for April will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average gained 3.50 points to 18,021.50, while the Standard & Poor's 500 index futures fell 1.05 points to 2,105.95. Futures for the Nasdaq 100 index rose 1.15 points to 4,489.90.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 0.63 percent, STOXX Europe 600 Index surging 0.45 percent and German DAX 30 index gaining 0.70 percent. French CAC 40 Index surged 0.55 percent and London's FTSE 100 Index rose 0.22 percent.

In Asian markets, Japan's Nikkei Stock Average rose 1.68 percent, China's Shanghai Composite Index gained 0.30 percent, Hong Kong's Hang Seng Index climbed 0.83 percent and India's BSE Sensex dipped 1.75 percent.

Broker Recommendation
Analysts at Morgan Stanley downgraded Colgate-Palmolive (NYSE: CL) from Overweight to Equal-weight and lowered the price target from $76.00 to $72.00.

Colgate-Palmolive shares rose 1.56 percent to close at $67.06 yesterday.

Breaking news

  • Ascent Solar Technologies, Inc. (NASDAQ: ASTI) announced today that it entered into a Stock Purchase Agreement on June 10, 2015 with its largest stockholder, TFG Radiant Investment Group, for $1.0 million of common stock. To read the full news, click here.
  • Shares of Men's Wearhouse Inc (NYSE: MW) jumped over 8 percent in after-hours trading after the company reported stronger-than-expected results for the first quarter on Wednesday. To read the full news, click here.
  • Willis Group Holdings plc (NYSE: WSH) has today announced its agreement to acquire Elite Risk Services Limited of Taiwan. To read the full news, click here.
  • Axovant Sciences Ltd. (NYSE: AXON) today announced the pricing of its initial public offering of 21,000,000 common shares at a price of $15.00 per share. To read the full news, click here.

Related Articles (ASTI + CL)

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