Market Overview

A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average jumped 86 points to 11,578.00 and S&P 500 index futures rose 10 points to 1,214.80. Nasdaq 100 futures gained 18.50 points to 2,245.50. A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index rose 1.37%, London's FTSE 100 Index moved up 0.85%, French CAC 40 index rose 1.53% and German DAX 30 index gained 1.21%.

Asian markets ended higher, with Japan's Nikkei Stock Average gaining 0.01%, Australia's S&P/ASX 200 moving up 0.66% and China's Shanghai Composite rising 0.03%. Hong Kong's Hang Seng Index rose 1.6367% and India's Sensex jumped 1.59%.

Broker Recommendation Analysts at Piper Jaffray upgraded CNinsure Inc (NASDAQ: CISG) from “underweight” to “neutral.” The target price for CNinsure is set to $10.

CNinsure shares dropped 10.59% to close at $10.38 yesterday.

Breaking news

  • Joy Global Inc (NASDAQ: JOYG) reported a 46% surge in its fiscal third-quarter profit and raised its forecast for the year. To read the full news, click here.
  • Kratos Defense & Security Solutions Inc (NASDAQ: KTOS), announced today that its Integral Systems group has been awarded a commercial services contract by MEASAT Satellite Systems to provide Radio Frequency Interference Detection and Geolocation service. To read the full news, click here.
  • Panasonic Corporation (NYSE: PC) today announced that its Board of Directors has decided and signed an agreement to assume operations related to bond financing, redemption and administrative work of SANYO Electric Co., Ltd. , a wholly-owned consolidated subsidiary of Panasonic, through business division. To read the full news, click here.
  • Salesforce.com (NYSE: CRM) and D&B (NYSE: DNB) today announced an alliance to make D&B the exclusive provider of company information on 200 million global businesses for Data.com. To read the full news, click here.

Posted-In: Piper Jaffray US Stock FuturesNews Futures Global Pre-Market Outlook Markets

 

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