A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are lower this morning. Futures on the Dow Jones Industrial Average dipped 31 points to 12,560.00 and futures on the S&P 500 stock index fell 3.70 points to 1,338.00. Nasdaq 100 futures dropped 6.25 points to 2,362.75. A Peek Into Global Markets Asian markets ended mixed, with Japan's Nikkei Stock Average dropping 0.14%, Australia's S&P/ASX 200 moving down 0.42% and China's Shanghai Composite declining 0.04%. Hong Kong's Hang Seng Index rose 0.16% and India's Sensex gained 0.99%. European markets were higher today. The STOXX Europe 600 Index has gained 0.18%, London's FTSE 100 Index moved up 0.21%. Broker Recommendation Analysts at Piper Jaffray downgraded Gap Inc GPS from “overweight” to “neutral.” The target price for GPS has been lowered from $25 to $19. GPS shares gained 0.91% to close at $23.29 yesterday. Breaking news

• Liberty Media Corporation LCAPA announced Wednesday that it has made a proposal to acquire Barnes & Noble Inc. BKS for $17 per share in cash. To read the full news, click here.
• Yingli Green Energy Holding Co Ltd YGE reported downbeat Q1 results on Friday. Yingli reported its Q1 net income at $56.2 million, or $0.35 per American Depositary Share (ADS), up from $28 million, or $0.18 per ADS, in the year-ago period. To read the full news, click here.
• Auxilium Pharmaceuticals, Inc. AUXL today announced that the Company received a $7.5 million regulatory milestone from Pfizer, Inc. PFE following the first sale of XIAPEX in Germany, a major EU market. To read the full news, click here.
• Sony Corp SNE is considering the return of its online games network on Tuesday, Kyodo news agency said on Friday. To read the full news, click here.

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