US Stock Futures Edge Higher Ahead Of Economic Data

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Pre-open movers
US stock futures traded higher in early pre-market trade. Data on import & export prices for September will be released at 8:30 a.m. ET, while wholesale inventories data for August will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average surged 26 points to 16,992.0, while the Standard & Poor's 500 index futures rose 3 points to 2,009.50. Futures for the Nasdaq 100 index gained 2.50 points to 4,347.25.
A Peek Into Global Markets
European markets were mixed today, with the Spanish Ibex Index rising 1.47 percent, STOXX Europe 600 Index gaining 0.95 percent and German DAX 30 index gaining 1.44 percent. French CAC 40 Index jumped 1.17 percent and London's FTSE 100 Index rose 1.14 percent. In Asian markets, Japan's Nikkei Stock Average jumped 1.64 percent, Hong Kong's Hang Seng Index rose 0.46 percent, China's Shanghai Composite Index jumped 1.17 percent and India's BSE Sensex climbed 0.87 percent.
Broker Recommendation
Analysts at Barclays downgraded
Tesla Motors IncTSLA
from Equal-weight to Underweight and lowered the price target from $190.00 to $180.00. Tesla shares fell 2.91 percent to $220.12 in pre-market trading.
Breaking news
  • Teekay Corporation TK announced that long-time Teekay leader David Glendinning, President, Teekay Gas Services, has decided to retire, as of December 17, 2015, after more than 28 years at Teekay. To read the full news, click here.
  • Alcoa Inc AA reported weaker-than-expected earnings for its third quarter. To read the full news, click here.
  • MediciNova, Inc. MNOV and the JASDAQ Market of the Tokyo Stock Exchange, today announced that following completion of an agreement with Penn State and IRB approval by Penn State Milton S. Hershey Medical Center, MediciNova will initiate a Phase 2 clinical trial of MN-001 to treat moderate to severe idiopathic pulmonary fibrosis. To read the full news, click here.
  • International Paper Co IP announced Thursday, that it has entered into a definitive agreement with its Chinese coated board joint venture partner, Shandong Sun Holding Group Co., Ltd., to sell its 55% equity interest in the joint venture. To read the full news, click here.
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Posted In: NewsEurozoneFuturesGlobalPre-Market OutlookMarketsBarclaysUS Stock Futures
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