A Peek Into The Market Before The Trading Starts - Deer Consumer Products (OTC:DEER), Chevron (NYSE:CVX)

Pre-open movers

US stock futures are lower this morning. Shares of Research in Motion Ltd

RIMM

dipped about 18.75% in pre-market trading after the company reported downbeat quarterly earnings. Futures for the Dow Jones Industrial Average dipped 24 points to 11,351.00 and S&P 500 index futures fell 3.60 points to 1,200.60. Nasdaq 100 futures dropped 4 points to 2,280.00.

A Peek Into Global Markets

European markets were higher today. The STOXX Europe 600 Index rose 0.74%, London's FTSE 100 Index moved up 0.82%, French CAC 40 index rose 0.35% and German DAX 30 index gained 1.20%. Asian markets ended higher, with Japan's Nikkei Stock Average gaining 2.2529%, Australia's S&P/ASX 200 moving up 1.85% and China's Shanghai Composite rising 0.13%. Hong Kong's Hang Seng Index gained 1.4275% and India's Sensex rose 0.35%.

Broker Recommendation

Analysts at Robert W. Baird downgraded Mastercard Incorporated

from “outperform” to “neutral.” The target price for Mastercard is set to $385. Mastercard shares gained 0.15% to $348.46 in after-hours trading.

Breaking news

Today, GE expanded its position in one of the world's fastest growing markets by finalizing agreements to set up two new joint ventures in Russia which could drive $10 - $15 billion in sales. To read the full news, click here.
Chevron Corporation CVX yesterday announced that its Australian subsidiaries have signed a Sale and Purchase Agreement with Kyushu Electric Power Co. for the delivery of liquefied natural gas from the Wheatstone Project in Western Australia. To read the full news, click here.
Dynegy Inc DYN announced today that it has commenced offers to exchange (the Exchange Offers) up to $1,250,000,000 principal amount of the outstanding notes, debentures and capital income securities (the Old Notes) of Dynegy Holdings, LLC (DH), its direct, wholly-owned subsidiary, for Dynegy's new 10% Senior Secured Notes due 2018 (the New Notes) and cash. To read the full news, click here.
Deer Consumer Products Inc DEER today announced that Deer is scheduled to pay on October 14, 2011, its regular quarterly cash dividend of $0.05 per share to shareholders of record as of September 30, 2011. To read the full news, click here.

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