Pre-open movers
U.S. stock futures traded higher in early pre-market trade. Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET, while the manufacturing PMI for December is schedule for release at 9:45 a.m. ET.
Futures for the Dow Jones Industrial Average gained 164 points to 28,672 while the Standard & Poor’s 500 index futures traded rose 17.9 points to 3,249.00. Futures for the Nasdaq 100 index gained 60.25 points to 8,812.50.
Oil prices traded higher as Brent crude futures rose 0.5% to trade at $66.32 per barrel, while US WTI crude futures rose 0.3% to trade at $61.21 a barrel.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rising 1.5%, STOXX Europe 600 Index surging 1% and German DAX 30 index gaining 0.8%. The UK's FTSE index was trading higher by 1%, while French CAC 40 Index rose 1.3%.
In Asian markets, Japan’s Nikkei Stock Average fell 0.76%, Hong Kong’s Hang Seng Index gained 1.25%, China’s Shanghai Composite Index rose 1.15% and India’s BSE Sensex rose 0.78%.
Broker Recommendation
Analysts at Canaccord Genuity downgraded Badger Meter, Inc. BMI from Hold to Sell and announced a $50 price target.
Badger Meter shares fell 1.2% to $64.15 in pre-market trading.
Breaking News
- Co-Diagnostics Inc CODX and CoSara announced plans to launch IVD products in India market.
- Aerie Pharmaceuticals Inc AERI announced acceptance for review of Roclanda 0.02%/0.005% marketing authorization application in Europe.
- Aridis Pharmaceuticals Inc ARDS named Michael A. Nazak as CFO.
- Xiaomi Corp XIACF announced plans to invest over $7 billion in 5G and artificial internet of things.
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