Market Overview

A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are higher this morning, as investors are awaiting jobless claims data. Futures for the Dow Jones Industrial Average gained 24 points to 12,453.00 and S&P 500 index futures rose 3.20 points to 1,312.00. Nasdaq 100 futures gained 3.75 points to 2,526.25.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 0.59%, London's FTSE 100 Index dropped 0.58%, French CAC 40 index fell 0.45% and German DAX 30 index declined 0.49%.

Asian markets ended lower, with Japan's Nikkei Stock Average falling 0.22%, Chinese Shanghai Composite dropping 0.99% and Australia's S&P/ASX 200 dropping 0.53%. Hong Kong's Hang Seng index declined 1.15% and India's Sensex tumbled 1.23%.

Broker Recommendation Analysts at Jefferies downgraded Adobe Systems Incorporated (NASDAQ: ADBE) from “buy” to “hold.” The target price for Adobe has been lowered from $38 to $32.

Adobe shares gained 0.06% to close at $31.79 yesterday.

Breaking news

  • Teleflex Incorporated (NYSE: TFX) has announced that it has been awarded an agreement for its line of central venous catheters (CVCs) with HealthTrust Purchasing Group, L.P. (HealthTrust), a healthcare group purchasing organization. To read the full news, click here.
  • Benchmark Electronics Inc (NYSE: BHE) announced today that its Board of Directors approved the repurchase of up to $100 million of the Company's outstanding common shares. To read the full news, click here.
  • Arkansas Best Corporation (NASDAQ: ABFS) today announced it has entered into a definitive agreement to acquire Panther Expedited Services Inc, from Fenway Partners LLC, a leading middle market private equity firm. To read the full newsclick here.
  • HanesBrands Inc (NYSE: HBI) announced today that it intends to redeem in July $150 million of its Floating Rate Senior Notes due 2014 as part of plans to pay off its approximately $300 million of floating-rate bond debt in 2012. To read the full news, click here.

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

 

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