Market Overview

US Stock Futures Decline Ahead Of Economic Data

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US Stock Futures Decline Ahead Of Economic Data

Pre-open movers

US stock futures traded lower in early pre-market trade. The Producer Price Index for August will be released at 8:30 a.m. ET, while the University of Michigan's consumer sentiment index for September will be released at 10:00 a.m. ET. The U.S. Treasury budget report for August will be released at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average dipped 40.5 points to 16,265.5, while the Standard & Poor's 500 index futures fell 6.55 points to 1,942.95. Futures for the Nasdaq 100 index slipped 20.90 points to 4,274.10.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index falling 0.86 percent, STOXX Europe 600 Index declining 0.75 percent and German DAX 30 index dropping 0.84 percent. French CAC 40 Index slipped 0.72 percent and London's FTSE 100 Index fell 0.19 percent.

In Asian markets, Japan's Nikkei Stock Average declined 0.19 percent, Hong Kong's Hang Seng Index slipped 0.27 percent, China's Composite Index Index rose 0.07 percent and India's BSE Sensex declined 0.05 percent.

Broker Recommendation
Analysts at BMO Capital upgraded Casey's General Stores Inc (NASDAQ: CASY) from Underperform to Market Perform. The price target for Casey's has been raised from $80 to $105.

Casey's shares closed at $108.42 yesterday.

Breaking news

  • Globe Specialty Metals, Inc. (NYSE: GSM) announced today that it has amended its business combination agreement with Grupo FerroAtlántica to, among other things, provide additional governance provisions for the benefit of the Globe shareholders. To read the full news, click here.
  • NextEra Energy Partners, LP (NYSE: NEP) announced Thursday, the pricing of an underwritten public offering of 8,000,000 common units representing limited partner interests in NextEra Energy Partners at a price of $26.00 per common unit. To read the full news, click here.
  • RLJ Entertainment (NASDAQ: RLJE), founded by Robert L. Johnson, RLJE Chairman and Founder of Black Entertainment Television (BET) has acquired all North American rights to the highly anticipated film NINA, based on the life of legendary American singer-songwriter Nina Simone. To read the full news, click here.
  • AstraZeneca plc (ADR) (NYSE: AZN) today added to its biologics manufacturing capability in the US with the purchase of a high-tech biologics bulk manufacturing facility from Amgen Inc. 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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