A Peek Into The Market Before The Trading Starts

Pre-open movers

US stock futures are flat this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average surged 10 points to 11,094.00 and S&P 500 index futures rose 0.90 points to 1,169.40. Nasdaq 100 futures dropped 1.50 points to 2,156.50.

A Peek Into Global Markets

European markets were higher today. The STOXX Europe 600 Index gained 1.28%, London's FTSE 100 Index moved up 1.55%, French CAC 40 index rose 1.60% and German DAX 30 index gained 1.85%. Asian markets ended mixed, with Japan's Nikkei Stock Average dropping 0.2918%, Australia's S&P/ASX 200 moving up 0.82% and China's Shanghai Composite gaining 0.45%. Hong Kong's Hang Seng Index rose 0.13% and India's Sensex declined 1.35%.

Broker Recommendation

Analysts at Jefferies & Company upgraded Hewlett-Packard Company

HPQ

from “hold” to “buy.” The target price for Hewlett-Packard is set to $40. Hewlett-Packard shares fell 0.16% to $31.00 in after-hours trading.

Breaking news

Mylan Inc MYL today announced that its subsidiary Mylan Pharmaceuticals Inc. has shipped Alfuzosin Hydrochloride Extended-release Tablets, 10 mg. To read the full news, click here.
Knology Inc KNOL today announced that on August 11, 2011, the Board of Directors authorized a repurchase program of the Company's common stock. To read the full news, click here.
Newell Rubbermaid NWL announced today that its Board of Directors has approved a $300 million stock repurchase program. To read the full news, click here.
The Securities and Exchange Commission has requested that ratings agency Standard & Poor's disclose which employees knew of its controversial decision to downgrade U.S. debt before it was announced, the Financial Times reported Friday. To read the full news, click here.

Market News and Data brought to you by Benzinga APIs

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A Peek Into The Market Before The Trading Starts

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