US Stock Futures Edge Lower Ahead Of FOMC Minutes, Economic Data

Pre-open movers US stock futures declined in early pre-market trade, ahead of economic data. The consumer price index and retail sales data will be released at 8:30 a.m. ET. Data on business inventories and existing home sales will be released at 10:00 a.m. ET. The Federal Open Market Committee will release minutes of its latest meeting at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average tumbled 16 points to 15,918.00, while the Standard & Poor's 500 index futures fell 2.40 points to 1,782.80. Futures for the Nasdaq 100 index dropped 0.50 points to 3,375.00. A Peek Into Global Markets European markets were lower today, with the Spanish Ibex Index tumbling 0.87%, London's FTSE 100 index dropping 0.48% and STOXX Europe 600 Index declining 0.33%. German DAX 30 index fell 0.21% and French CAC 40 Index tumbled 0.37%. Asian markets ended mixed today. Japan's Nikkei Stock Average dropped 0.33%, China's Shanghai Composite surged 0.62%, Hong Kong's Hang Seng Index rose 0.18% and India's BSE Sensex dropped 1.22%. Japanese exports climbed 18.6% y/y to Y6.105 trillion in October. The country's trade deficit widened to Y1.091 trillion, versus a Y556.2 billion deficit in the year-ago month. Broker Recommendation Analysts at Deutsche Bank downgraded C.H. Robinson Worldwide CHRW from “buy” to “hold.” The target price for C.H. Robinson has been lowered from $65 to $60. C.H. Robinson's shares closed at $58.95 yesterday. Breaking news
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  • ImmunoGen IMGN today announced that the European Commission has granted marketing approval for Kadcyla (trastuzumab emtansine; ado-trastuzumab emtansine in the US) in the European Union (EU). To read the full news, click here.
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  • Lowe's Companies LOW reported a 26% rise in its third-quarter net income and raised its outlook for fiscal 2013. To read the full news, click here.
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