A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures moved down and gold reached another all-time high. The US dollar continued its downward movement. Futures on the Dow Jones Industrial Average fell 8 points to 10,780. S&P 500 futures dropped 1.40 points to 1,140 and Nasdaq 100 futures moved down 0.25 points to 2,008. A Peek Into Global Markets Negative sentiments ruled the European markets today. While STOXX Europe 600 Index has lost 0.44%, London's FTSE 100 Index moved down 0.30%. Asian markets ended mixed, with Japan's Nikkei Stock Average adding 0.67%, Australia's S&P/ASX 200 moving down 0.49% and China's Shanghai Composite losing 0.03%. Broker Recommendation Deutsche Bank has published a research report for Campbell Soup Company CPB with breaking news about Campbell's management changes. In the report, Deutsche Bank writes "CEO Douglas Conant announced his retirement to coincide with Campbell Soup's F2011 end in July. The Board announced Denise Morrison will take over as CEO in F2012. In the interim she was named EVP & COO with most of senior leadership reporting directly to her except non-operating heads (CFO, Legal, HR)." Deutsche Bank has also downgraded Campbell to Hold with a $36 price target. Campbell Soup Company closed yesterday at $36.45. Breaking news
  • Family Dollar Stores Inc FDO posted better-than-expected earnings for the fiscal fourth-quarter. To read the full news, click here.
  • Nintendo Co Ltd NTDOY has lowered its profit and sales projections for the fiscal year due to strong performance of yen and downbeat sales performance and sales guidance for its video game consoles. To read the full news, click here.
  • BP BP, Europe's second-largest oil company, will reportedly make significant management changes in its exploration and production business after Robert Dudley becomes CEO of the British oil giant on Friday. To read the full news, click here.
  • Keyuan Petrochemicals, Inc. KEYP announced that the Company closed a private placement financing with institutional investors with gross proceeds of $20.3 million to fund the purchase of raw materials for its petrochemical production facility. The lead investor was Prax Capital. To read the full news, click here.
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