Market Overview

US Stock Futures Surge Ahead Of Citigroup, Goldman Sachs Earnings

US Stock Futures Surge Ahead Of Citigroup, Goldman Sachs Earnings
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Pre-open movers

US stock futures traded higher in early pre-market trade, ahead of earnings from Citigroup Inc (NYSE: C) and Goldman Sachs Group Inc (NYSE: GS). Data on weekly jobless claims will be released at 8:30 a.m. ET, while the NAHB housing market index will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average surged 59.5 points to 18,051.5, while the Standard & Poor's 500 index futures rose 7.40 points to 2,111.65. Futures for the Nasdaq 100 index gained 18.90 points to 4,555.40.

A Peek Into Global Markets

European markets were mostly higher today, with the Spanish Ibex Index rising 1.38 percent, STOXX Europe 600 Index surging 1.31 percent and German DAX 30 index gaining 1.53 percent. French CAC 40 Index jumped 1.42 percent and London's FTSE 100 Index rose 0.39 percent.

In Asian markets, Japan's Nikkei Stock Average rose 0.67 percent, Hong Kong's Hang Seng Index gained 0.43 percent, China's Shanghai Composite Index rose 0.46 percent and India's BSE Sensex jumped 0.88 percent.

Broker Recommendation
Analysts at BMO Capital upgraded Google Inc (NASDAQ: GOOGL) from Market Perform to Outperform and raised the price target from $570.00 to $670.00.

Google shares gained 1.03 percent to $590.00 in pre-market trading.

Breaking news

  • Air Lease Corporation (NYSE: AL) announced a long term lease agreement with Far Eastern Air Transport (FEAT), an international airline based in Taipei, Taiwan, for one new Boeing 737-800. To read the full news, click here.
  • Enterprise Products Partners L.P. (NYSE: EPD) today announced that it has executed definitive agreements to sell its offshore Gulf of Mexico pipelines and services business, which primarily consists of its Offshore Pipelines & Services business segment to Genesis Energy, L.P. for approximately $1.5 billion in cash. To read the full news, click here.
  • JinkoSolar Holding Co., Ltd. (NYSE: JKS) today announced that JinkoSolar Power Engineering Group Limited, a subsidiary of the Company, has signed a $150 million loan agreement with Credit Suisse AG and a number of financial institutions. To read the full news, click here.
  • Trimble Navigation Limited (NASDAQ: TRMB) announced today the availability of the Trimble® S1100 onboard weighing system offering farmers and ranchers a high-accuracy solution for measuring and weighing hay bales and other livestock feed handled using a tractor, forklift or skid steer. To read the full news, click here.

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


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