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US Stock Futures Edge Higher Ahead Of Beige Book, ADP Report

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US Stock Futures Edge Higher Ahead Of Beige Book, ADP Report

Pre-open movers

US stock futures traded higher in early pre-market trade. The ADP national employment report for November will be released at 8:15 a.m. ET, while nonfarm productivity data for the third quarter will be released at 8:30 a.m. ET. The Federal Open Market Committee will release its latest Beige Book report at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average surged 12 points to 17,874.0, while the Standard & Poor's 500 index futures rose 1.50 points to 2,101.50. Futures for the Nasdaq 100 index gained 5.50 points to 2,101.50.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 0.19 percent, STOXX Europe 600 Index surging 0.48 percent and German DAX 30 index gaining 0.16 percent. French CAC 40 Index surged 0.36 percent and London's FTSE 100 Index rose 0.59 percent.

In Asian markets, Japan's Nikkei Stock Average fell 0.37 percent, Hong Kong's Hang Seng Index climbed 0.44 percent, China's Shanghai Composite Index surged 2.33 percent and India's BSE Sensex dropped 0.20 percent.

Broker Recommendation
Analysts at Citigroup upgraded Chevron Corporation (NYSE: CVX) from Neutral to Buy and raised the price target from $95.00 to $110.00.

Chevron shares rose 1.23 percent to close at $92.44 on Tuesday.

Breaking news

  • PowerSecure International, Inc. (NYSE: POWR) today announced that it has acquired ESCO Energy Services, Inc. (ESCO), a private company based in Lenox, Massachusetts that provides lighting retrofit solutions which deliver energy savings for large energy services companies and commercial and industrial, institutional, utility and municipal customers across North America. To read the full news, click here.
  • Mattson Technology, Inc. (NASDAQ: MTSN) and Beijing E-Town Dragon Semiconductor Industry Investment Center, today jointly announced that they have entered into a definitive merger agreement under which E-Town Dragon will acquire all of the outstanding shares of Mattson for $3.80 per share in cash. To read the full news, click here.
  • Northern Trust (NASDAQ: NTRS) announced today that it has reached an agreement to acquire Aviate Global LLP, an institutional-focused equity brokerage firm offering market research, trading and execution services with licenses in multiple global jurisdictions. To read the full news, click here.
  • Cesca Therapeutics Inc. (NASDAQ: KOOL) today announced that it has received approval for Medicare coverage for the investigational device exemption study protocol entitled: Critical Limb Ischemia Rapid Delivery by SurgWerks-CLI Kit and VXP System from the Centers for Medicare and Medicaid Services, a federal agency within the United States Department of Health and Human Services. To read the full news, click here.

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

 

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