A Peek Into The Market At The Start Of The Trading Day

Pre-open movers US stock futures fell today, as traders await the release of key US manufacturing data. Investor concerns over global economic recovery were rekindled after a similar data from China disappointed. A Peek Into Global Markets European markets have opened to the negative territory, as investor get jittery on weak Chinese data. While STOXX Europe 600 Index lost 0.93%, London’s FTSE 100 Index has moved down 0.71%. Markets across Asia ended in the red, as manufacturing data from China and India showed a slowdown. While Japan's Nikkei Stock Average lost 2.04%, Australia's S&P/ASX 200 slipped 1.44% and China's Shanghai Composite fell 1.03%. Broker Recommendation Amid estimates of "no growth in FY11 and higher regulatory risk," Deutsche Bank lowered its price target on shares of Apollo Group APOL to $75 from $80 this morning. Deutsche Bank, which maintained its “buy” rating on Apollo, continued to find the stock "attractive." To read the full news, click here. Breaking news

• Hawaiian Holdings HA, the parent company of Hawaiian Airlines, announced today that its Board of Directors has authorized a stock repurchase program under which the company may purchase up to $10 million of its outstanding common stock. To read the full news, click here.
• Isle of Capri Casinos ISLE announced today that it is delaying its offering of 9 million common shares. To read the full news, click here.
• Constellation Brands Inc STZ, the world's leading wine company, reported better-than-expected earnings for the first quarter. The company has also raised its full-year forecast. To read the full news, click here.
• Hospira, Inc HSP, a global specialty pharmaceutical and medication delivery company, today announced the successful completion of the tender offer by Discus Acquisition Corporation, a wholly owned Hospira subsidiary, to purchase all outstanding shares of the common stock of Javelin Pharmaceuticals, Inc. JAV. To read the full news, click here.